When was Avanti founded?

Avanti was founded in 2016 and raised its 1st funding round 4 years after it was founded.

Where is Avanti located?

Avanti is headquartered in Bengaluru, India. It is registered at # 2727, 2nd floor, 1st Main Road, HAL 3rd Stage, Ward no 58 (Old No. 83), New Thippasandra, Bangalore, Bangalore North, Karnataka, India, 560075.

Which legal entities is Avanti associated with?

Avanti is associated with AVANTI FINANCE PRIVATE LIMITED and 1 other.

How many employees does Avanti have?

As of Aug 31, 2025, the latest employee count at Avanti is 195.

Is Avanti a funded company?

Avanti is a funded company, having raised a total of $79.7M across 6 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on 2020.

How much is Avanti worth?

The latest valuation of Avanti is ₹***** as of Dec 12, 2024.

When was the latest funding round of Avanti?

Avanti's latest funding was a $***** Series B round on May 21, 2024, with participation from 7 investors.

What is the annual revenue of Avanti?

Annual revenue of Avanti is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Avanti rank among its competitors?

Avanti ranks 24th amongst 972 active competitors, of which 75 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Shriram Finance, which secured $4.42B in Dec, 2025.

Who are the top competitors of Avanti?

Avanti's top competitors include Manappuram Finance, Northern Arc Capital and Bajaj Finserv. Among them, Shriram Finance secured the most recent funding round in December, 2025.

Avanti - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of financial services focused on livelihood advancement for underserved communities. The organization facilitates access to credit through a digital platform and partner networks. It designs products supporting income generation and economic stability. The platform enables customized financial solutions and promotes financial inclusion through technology-driven processes.

Website: www.avantifinance.in/
Social
Email ID: *****@avantifinance.in
Phone Number: +91 **********
Registered Address: # 2727, 2nd floor, 1st Main Road, HAL 3rd Stage, Ward no 58 (Old No. 83), New Thippasandra, Bangalore, Bangalore North, Karnataka, India, 560075

Key Metrics

Founded Year

2016

Location

Bengaluru, India

Stage

Series B

Total Funding

$79.7M in 6 rounds

Latest Funding Round

Series B, May 21, 2024, $*****

Post Money Valuation

₹***** as on Dec 12, 2024

Investors

Gates & 18 more

Ranked

24^th among 972 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

195 as on Aug 31, 2025

Similar Companies

Tiaxa & 100 more

View Avanti's full profile

Avanti is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AVANTI MICROFINANCE PRIVATE LIMITED CIN: U65929KA2016PTC138292 , India, Active	Oct 07, 2016	0 - ₹10 Cr (As on Mar 31, 2026)	1 (As on Nov 01, 2022)
AVANTI FINANCE PRIVATE LIMITED CIN: U64920KA2016PTC138355 , India, Active	Aug 01, 2016	₹100 - ₹500 Cr (As on Mar 31, 2025)	151 (As on May 01, 2026)

Avanti has raised a total funding of $79.7M over 6 rounds. Its first funding round was on 2020. Its latest funding round was a Series B round on May 21, 2024 for $*****. 7 investors participated in its latest round. Avanti has 14 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Avanti:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 21, 2024	6222251	Series B	9998346	5793328	7366051	3926253
Dec 19, 2022	7135563	Series B	6465100	4470614	7571065	Oikocredit & 1 more
Oct 28, 2021	6814418	Series A	4014990	5511319	KRSF & 2 more	Oikocredit

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View details of Avanti's funding rounds and investors

The founders of Avanti are Nandan Nilekani, Vijay L Kelkar, Lalitesh Katragadda and Ratan Naval Tata.

Here are the details of Avanti's key team members:

Nandan Nilekani: Co-Founder of Avanti and founder of 2 other companies, Medi Assist and Nasscom.
Vijay L Kelkar: Co-Founder of Avanti.
Lalitesh Katragadda: Chief Product Officer of Avanti.
Ratan Naval Tata: Former Co-Founder of Avanti.

Avanti's Board of Directors

Avanti's board has 8 active members. Bindu Ananth, Roopa Satish, Jeroen Bart Nicolaas Meerburg, Vijay Laxman Kelkar and Rahul Gupta are part of team and Subramaniam Somasundaram, Sukanya Kripalu and Nandan Mohan Nilekani are independent board members.

Here is the list of Avanti's board of directors:

Name	Type	Representing	Status	Duration
Vijay Laxman Kelkar	Team	-	Current	10y 0m
gwcnrfe	Team	-	Past	9y 4m
Bindu Ananth	Investor	-	Current	4y 10m
Roopa Satish	Investor	-	Current	1y 2m
yrwfhb{	Investor	-	Past	4y 7m
Subramaniam Somasundaram	Independent board member	-	Current	4y 0m
krownri	Independent board member	-	Current	9y 6m
yevssgh	Independent board member	-	Current	2y 9m

View details of Avanti's Founder profiles and Board Members

Avanti's employee count trend

Avanti has 195 employees as of Aug 25. The total employee count is 51.0% more than what it was in Aug 24. Here is Avanti's employee count trend over the years:

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Top competitors of Avanti include Manappuram Finance, Northern Arc Capital and Bajaj Finserv. Here is the list of Top 10 competitors of Avanti, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Manappuram Finance 1949, Valapad (India), Public	Provider of consumer and SME loans	$40M	Nepean Capital, Apax & 9 others	77/100
2nd	Northern Arc Capital 2008, Chennai (India), Public	Provider of household and business loans	$283M	Eight Roads Ventures, Standard Chartered ... & 43 others	74/100
3rd	Bajaj Finserv 2007, Pune (India), Public	Financial services conglomerate offers a range of financial solutions	-	Nepean Capital, WestBridge Capital & 4 others	74/100
4th	AYEFin 2014, Gurugram (India), Public	Organization empowering economic transformation of micro enterprises	$164M	CapitalG, Elevation Capital & 47 others	74/100
5th	Tata Capital 2007, Mumbai (India), Public	Diversified non-banking financial company	-	Ekamya Capital	73/100
6th	Aditya Birla Capital 2007, Mumbai (India), Public	Provider of loans, investments, insurance, UPI, and bill payment services	-	IFC, ADIA & 9 others	73/100
7th	IIFL Finance 1995, Mumbai (India), Public	Provider of online gold, home, personal & business loans	-	ADIA, Fairbridge Capital & 7 others	72/100
8th	Shriram Finance 1979, Mumbai (India), Public	Provider of consumer and SME loans	-	Apax, ChrysCapital & 5 others	72/100
9th	Mahindra Finance 1991, Mumbai (India), Public	Provider of consumer & SME loans	$84.6M	Affirma Capital, Faering Capital & 2 others	70/100
10th	Indostar Capital Finance 2009, Mumbai (India), Public	Real estate and infrastructure financing firm	-	Beacon India, Brookfield Asset Management ... & 5 others	70/100
24th	Avanti 2016, Bengaluru (India), Series B	Provider of financial services focused on livelihood advancement for underserved communities	$79.7M	Nomura, Gates & 17 others	66/100

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Founders own 0.23%, Funds own 20.71%, Parent Entities (largest shareholder) own 39.81% and Enterprises own 24.13%. The net worth of Avanti's founders is INR 2.77Cr as of Dec 12, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	0.23%	2.77Cr	0	0	0	0
Vijay L Kelkar	0	0	0	0	0	0
Fund	20.71%	248Cr	9631088	4178683	8548249	7009196
Gates	4252634	1623339	2274121	4149080	5795054	3014967
Nomura	1071	1574	4737	3035	1843	1859
Idh Farmfit	681	881	439	544	122	274
KRSF	0	0	0	0	0	0
Parent Entity	39.81%	477Cr	4278049	6671886	9079587	5966331
Enterprise	24.13%	289Cr	3538106	7725075	6813259	4592173
Angel	1.76%	21.1Cr	4	8	1	7
Other People	4.47%	53.5Cr	5453	7771	1121	3147
ESOP Pool	8.90%	107Cr	8084998	2851113	3995942	5470350
Total	100.00%	1,200Cr	8340779	6805722	4311534	4122384