Magma Fincorp
company
About
Magma Fincorp Limited offers secured lending, primarily in the rural and semi-urban areas.
- 10001 - max
Details
- Last Funding Type
- Post-IPO Equity
- Last Funding Money Raised
- ₹5B
- Industries
- Finance,Financial Services,Lending
- Founded date
- Jan 1, 1988
- Number Of Employee
- 10001 - max
- Operating Status
- Active
Magma Fincorp Limited (formerly Magma Leasing Limited) was incorporated in 1988 and commenced operations in 1989. To strengthen its business, the company merged with Arm Group Enterprises in 1992. Magma has emerged one of India's largest financial services companies during the past five years.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
2
₹5B $100M
Magma Fincorp has raised a total of
₹5B $100M
in funding over 2 rounds. Their latest funding was raised on
Mar 30, 2015 from a Post-IPO Equity round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Mar 30, 2015 | Post-IPO Equity | ₹5B | 2 | — | — | Detail |
| May 23, 2011 | Post-IPO Equity | $100M | 1 |
Kohlberg Kravis Roberts
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
1
2
Magma Fincorp is funded by 2 investors.
LeapFrog Investments
and Kohlberg Kravis Roberts
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
LeapFrog Investments
|
— | Post-IPO Equity |
|
Kohlberg Kravis Roberts
|
— | Post-IPO Equity |
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