About Spandana
Spandana is a company based in Hyderabad (India) founded in 1998.. Spandana has raised $192 million across 10 funding rounds from investors including Yes Bank, IndusInd Bank and ICICI Bank. The company has 11,791 employees as of April 01, 2024. Spandana offers products and services including Microfinance, Chetana, Unnati, Consumer Durable Loan, and Water Sanitation & Hygiene Loan. Spandana operates in a competitive market with competitors including Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others.
- Headquarter Hyderabad, India
- Employees 11791 as on 01 Apr, 2024
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Spandana Sphoorty Financial Limited
- Date of Incorporation 10 Mar, 2003
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$145.93 M (USD)81.46as on Mar 31, 2019
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Net Profit
$43.25 M (USD)79.66as on Mar 31, 2019
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EBITDA
$110.5 M (USD)85.49as on Mar 31, 2019
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Total Equity Funding
$192 M (USD)
in 10 rounds
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Latest Funding Round
$28.78 M (USD), Post-IPO
May 06, 2024
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Investors
Yes Bank
& 12 more
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Employee Count
11791
as on Apr 01, 2024
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IPO & Listings of Spandana
Spandana is a publicly listed company on the NSE with ticker symbol SPANDANA in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Spandana
Spandana offers a comprehensive portfolio of products and services, including Microfinance, Chetana, Unnati, Consumer Durable Loan, and Water Sanitation & Hygiene Loan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers microloans to support rural households and entrepreneurs
Provides tailored microfinance loans for rural customers
Delivers financial support for economic upliftment in communities
Facilitates loans for purchasing consumer durable goods
Supports access to water and sanitation improvements
Funding Insights of Spandana
Spandana has successfully raised a total of $192M across 10 strategic funding rounds. The most recent funding activity was a Post-IPO round of $28.78 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Post-IPO — $28.8M
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First Round
First Round
(01 Aug 2007)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Post-IPO - Spandana | Valuation |
investors |
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| Jan, 2018 | Amount | Debt – Conventional - Spandana | Valuation |
investors |
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| Dec, 2017 | Amount | Private Equity Round - Spandana | Valuation | Kedaara , Ontario Teachers' Pension Plan |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spandana
Spandana has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Yes Bank, IndusInd Bank and ICICI Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on buyouts
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Founded Year | Domain | Location | |
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Private equity firm focused on growth companies
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spandana
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spandana
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spandana Comparisons
Competitors of Spandana
Spandana operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Mahindra Finance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spandana
Frequently Asked Questions about Spandana
When was Spandana founded?
Spandana was founded in 1998 and raised its 1st funding round 9 years after it was founded.
Where is Spandana located?
Spandana is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Spandana?
Shalabh Saxena is the current CEO of Spandana.
Is Spandana a funded company?
Spandana is a funded company, having raised a total of $192M across 10 funding rounds to date. The company's 1st funding round was a Private Equity Round of $19.5M, raised on Aug 01, 2007.
How many employees does Spandana have?
As of Apr 01, 2024, the latest employee count at Spandana is 11,791.
What is the annual revenue of Spandana?
Annual revenue of Spandana is $145.93M as on Mar 31, 2019.
What does Spandana do?
Spandana was founded in 1998 in Hyderabad, India, as a provider in the microfinance sector. Loans are extended to rural households through a Joint Liability Group model, alongside consumer durable financing and support for water, sanitation, and hygiene improvements. Top-up options for existing borrowers and property-secured loans are also available. Operations focus on low-income communities to enhance financial access and stability.
Who are the top competitors of Spandana?
Spandana's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
What products or services does Spandana offer?
Spandana offers Microfinance, Chetana, Unnati, Consumer Durable Loan, and Water Sanitation & Hygiene Loan.
Is Spandana publicly traded?
Yes, Spandana is publicly traded on NSE under the ticker symbol SPANDANA.
Who are Spandana's investors?
Spandana has 13 investors. Key investors include Yes Bank, IndusInd Bank, ICICI Bank, Standard Chartered, and Aditya Birla Capital.
What is Spandana's ticker symbol?
The ticker symbol of Spandana is SPANDANA on NSE.