Electronica Finance secures $48 million in Series-B funding led by LeapFrog Investments to strengthen the company’s balance sheet and provide the foundation for another phase of rapid expansion.

Apr 04, 2024•over 1 year ago

Amount Raised

$48 Million

PuneLendingFinanceFinancial Services

Investors

Aavishkaar CapitalLeap Frog Investments

Description

Electronica Finance Limited (EFL) secured $48 million in Series-B funding led by LeapFrog Investments, with participation from Aavishkaar Capital. The funds will strengthen the company’s balance sheet and provide the foundation for another phase of rapid expansion.

Company Information

Company

Electronica Finance Limited

Location

Pune, Maharashtra, India

About

Electronica Finance Limited (EFL) is one of the leading Non-Banking Finance Companies (NBFC) with 200+ branches across India. Incepted in the year 1990, EFL was amongst the first few NBFC’s to provide loans for Machinery purchase. Over the years, EFL has diversified into various segments catering to a large product portfolio that includes Business loans, Working Capital loans & Loan Against Property Loans in addition to our flagship product of Machinery loans. With stress on unwavering ethics, mutual respect, strong determination and a healthy work culture matching the global finance industry standards, EFL has been able to maintain a strong & dignified portfolio. Around 40% of our new disbursements come from the existing clientele. EFL’s tailored finance options have empowered more than 35000+ customers over the last 30 years.

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