# Canara Bank

> Canara Bank is a VC fund in Bengaluru backing Financial Services and Energy. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Bengaluru, India
- Total investments: 8
- Last investment: Jul 2026
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/canara-bank
- X (Twitter): https://www.twitter.com/canarabanktweet
- Website: http://www.canarabank.com/English/scripts/Profile.aspx

Canara Bank is a VC fund in Bengaluru focused on Financial Services and Energy. Canara Bank provides banking products and services in India and internationally. Canara Bank was founded by Shri Ammembal Subba Rao Pai, a great visionary and philanthropist, in July 1906, at Mangalore, then a small port town in Karnataka. The Bank has gone through the various phases of its growth trajectory over hundred years of its existence.Growth of Canara Bank was phenomenal, especially after nationalization in the year 1969, attaining the status of a national level player in terms of geographical reach and clientele segments. Eighties was characterized by business diversification for the Bank. In June 2006, the Bank completed a century of operation in the Indian banking industry.

## Contacts

5 contacts available for Canara Bank. Shizune tracks 5 team members at Canara Bank. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/canara-ban?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 5 | 63% |
| Energy | 3 | 38% |
| Finance | 3 | 38% |
| Banking | 2 | 25% |
| Renewable Energy | 2 | 25% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 6 | 75% |
| Post-IPO Debt | 2 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 6 | 75% |
| Bahrain | 1 | 13% |
| Nigeria | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Avani Kumar Jain | Divisional Manager at Recovery section; Deputy General Manager | 0 | — |
| Bhanu Srivastav | Web Administrator | 0 | — |
| Hardeep Ahluwalia | Executive Director; Managing Director and Chief Executive Officer | 0 | — |
| Lingam Venkat Prabhakar | CEO | 0 | — |
| Thiruvadi Senthilarumugam | Deputy general manager | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Avaada | Business and sustainability can go hand-in-hand. Their unique strategy interweaves business goals with environmental sustainability and social responsibility, producing mutually beneficial results. By contributing to community’s socio-economic development in the short-term, they foresee delivery of continual value to their shareholders. Throughtheir community engagement initiatives, they are contributing to uplift the lifestyle of communities they work with. | $1.3B | Debt Financing | Jul 31, 2026 |  |
| National Bank of Bahrain BSC | National Bank of Bahrain BSC is a provider of retail and wholesale commercial banking, treasury and investment. | $450M | Debt Financing | Jan 27, 2026 |  |
| Hero Future Energies | HFE is poised to provide clean power to industries, businesses, educational institutes, non-profits and governmental organizations at competitive rates. HFE will assist its clientele in fulfilling their Renewable Purchase Obligations (RPOs) by reducing their dependence on power generated by fossil fuels like coal, oil and natural gas. | $215.1M | Debt Financing | Oct 06, 2025 |  |
| Africa Finance Corporation | Africa Finance Corporation focuses on infrastructure financing across various sectors, including power and transportation. The institution provides debt, equity, project development, and financial advisory services to address infrastructure needs. It was established through an agreement among sovereign African states and has received anchorinvestment from the Central Bank of Nigeria. Since its establishment, AFC has invested significantly in high-quality infrastructure assets to support sustainable economic growth in Africa. | $300M | Debt Financing | Nov 18, 2024 |  |
| Muthoot Microfin | Muthoot Microfin Limited is the microfinance arm of Muthoot Pappachan group (MPG). Established in 1887, the Muthoot Pappachan Group (MPG) is a diversified conglomerate with an overwhelming presence in multiple verticals.Muthoot Microfin is dedicated to serve the bottom of pyramid section of society by providing customised financial services to theneedy, underserved and those who have limited access to regular financial institutions and banks. | $75M | Post-IPO Debt | Mar 28, 2024 |  |
| REC | REC is an infrastructure finance company that operates in financing projects in the complete power sector value chain. The company offers financial assistance to state electricity boards, state governments, central and state power utilities, independent power producers, rural electric cooperatives, and private sector utilities through its extensivenetwork of offices across the country.REC was founded on 1969 and is headquartered in New Delhi, India. | $1.2M | Post-IPO Debt | Jan 14, 2022 |  |
| PumPumPum | Pumpumpum is an asset-light fintech mobility platform. We are empowering pre-owned car users with an IoT-enabled smart car subscription model. Users can select a pre-owned car of their choice, without worrying about the price, financing, warranty, quality & depreciation of the car. We are building a risk-free & high-quality pre-owned carportfolio for our financial partners via the B2B2C approach. | $272.5K | Debt Financing | Sep 14, 2020 |  |
| Shriram Housing Finance | Shriram Housing Finance Ltd. (SHFL) is a subsidiary of Shriram City Union Finance Ltd. and a part of the over 4 decades old Chennai based Shriram Group. It is a Housing Finance Company (HFC), duly registered with the National Housing Bank and has started business from December 2011. Headquartered in Mumbai, it boasts of an employee strength of over800+ officials and has 65 branches spread across the country. | $83.4M | Debt Financing | Nov 12, 2019 |  |

8 of 8 investments shown.

## Co-investors
- [State Bank of India](https://shizune.co/investors/profile/state-bank-of-india) — VC Fund, 3 deals together
- Bank of India — VC Fund, 2 deals together
- [ICICI Bank](https://shizune.co/investors/profile/icici-bank) — VC Fund, 2 deals together
- Indian Bank — VC Fund, 2 deals together
- Union Bank of India — VC Fund, 2 deals together
- [Axis Bank](https://shizune.co/investors/profile/axis-bank) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Canara Bank invest in?

Canara Bank invests primarily in Financial Services, Energy and Finance startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 8 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Canara Bank?

Public channels for Canara Bank include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Canara Bank?

The team at Canara Bank includes Avani Kumar Jain (Divisional Manager at Recovery section; Deputy General Manager), Bhanu Srivastav (Web Administrator) and Hardeep Ahluwalia (Executive Director; Managing Director and Chief Executive Officer). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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