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Microfinance Equity Raising Workshop-Feb 25-26,2010-Hyderabad

by Microfinance Business on February 8, 2010

IntellecapUnderstand, Learn, Improve

Workshop on Capital Structuring and Equity Raising in Microfinance

February 25-26, 2010 | Hyderabad

Register now for Intellecap’s 2-day participatory workshop on Captial Raising and Equity Structuring in Microfinance.

Course Faculty:
Vineet Rai- Co-Founder, Aavishkaar Goodwell and Intellecap
Anurag Agarwal- Investment, Valuation Expert and Sr.VP, Intellecap
Atreya Rayaprolu- Deal Expert and VP, Intellecap
Satish Pai- Valuation Expert and Associate VP, Intellecap
MV Narendra Prasad- Subject Matter Expert-Microfinance, Intellecap
Sanjib Jha- Legal Expert and Head of Finance & Legal, Intellecap

Now is your chance to:
 1. Understand the opportunities and challenges involved in equity investments
2. Learn to recognize key factors that drive sound valuation
3. Hone your negotiation skills to garner maximum investment value.

Book soon, limited seats available.

Course Fees: INR 16, 545, per person (INR 15,000 plus 10.3% tax)

For further information contact

Rashmi Pillai

Intellectual Capital Advisory Services Pvt. Ltd

512 Palmspring Link Road Malad West Mumbai 400064

Email: rpillai@intellecap.com

Online Registration Form

http://intellecap.com/registration-mfi-workshop2

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Lok Capital invests in Rural Shores BPO

by Microfinance Business on February 8, 2010

ruralshores-bpoLok Capital LLC, a Mauritius-based venture capital fund, has invested an undisclosed sum in RuralShore Business Services Pvt Ltd, a Bangalore-based company. HDFC Ltd is a strategic investor in RuralShores holding 26% equity in the company.

Reuters has more information about the deal

Lok Capital invests in RuralShore Business Services

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Sequoia buys 10% in Equitas for 44 Crore

by Microfinance Business on February 8, 2010

Sequoia capital which already has investments in SKS and Ujjivan has now acquired a 10% stake in Equitas for 44 crore from one Kalpathi Suresh who is the founder of SSI Education. Kalpathi Suresh had invested Rs3.5 crore to acquire the 10% stake in Equitas in 2007-08  and it did not include any management rights or board seat.

Livemint has more details of the deal

Sequoia buys 10% in Equitas from Kalpathi

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The Future of Credit Card Payment is Square

by Microfinance Business on January 23, 2010

Last month Jack Dorsey the creator of Twitter unveiled his new device and service to make bulky and expensive credit card swiping machines – History.

The Solution goes by the name Square and is being funded by Vinod Khosla of Khosla Ventures fame.(Editors Note – Vinod Khosla is also an investor in SKS Microfinance and Grama Vidiyal Microfinance)

Square - Easy way to recieve credit card payments

Square - Easy way to recieve credit card payments

Twitter co-founder Jack Dorsey announced his new company  in appropriate fashion: with a tweet on the network he created in 2006. His new company, Square, allows merchants and individuals to accept secure payment from credit (and other) cards using a mobile phone.

According to Square’s website, payees can start accepting payments via Square in under 60 seconds, with “no contracts, monthly fees, or hidden costs.” The company donates one cent from every transaction to the charity of the payer’s choice. In order to streamline the process, payees can register for Square and upload a photo, so that payees can verify that you are who you say you are.

Given below is a CNBC Interview with Jack Dorsey, founder of Twitter who explains what Square is about and demonstrates how this credit card swiping system works [click to continue…]

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Narayan Murthy to invest in SKS Microfinance in pre IPO stake sale

January 23, 2010

Infosys Technologies Ltd’s founder N.R. Narayana Murthy who has founded a Rs 600 crore venture capital fund by the name of Catamaran Investment Pvt. Ltd is likely to make its first investment in SKS Microfinance Ltd, SKS Microfinance will be the first Indian microfinance institution to hit the market with an initial public offering (IPO) [...]

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Conference on role of Venture Capital in Financial Inclusion, Feb 3-4,2010 Mumbai

January 23, 2010

APEX’10 Summit to Discuss Role of Venture Capital in Financial Inclusion
The Venture Intelligence APEX ’10 Private Equity & Venture Capital Summit, scheduled for February 3-4 at Mumbai, is to feature a high power panel discussion on the role of Private Equity and Venture Capital in Financial Inclusion.
Industry speakers on the panel include:
• Padmaja Gangireddy, MD, [...]

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Boston Consulting Group to create new avatar for NABARD

January 23, 2010

BCG to soon start consultations for Nabard’s restructuring

Management consulting firm Boston Consultancy Group (BCG) will soon start consultations with National Bank for Agriculture and Rural Development (Nabard) to prepare a roadmap for its restructuring.This is important as Nabard is in the list of 25 public sector undertakings listed by the Centre for disinvestment.

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Grameen Koota raises Rs 20 crore from Microvest in Non Convertible Debentures

January 23, 2010

Grameen Financial Services Pvt Ltd (Grameen Koota) which is a Bangalore headquartered micro finance institution has raised Rs 20 crore from MicroVest I, LP (MV I), a US-based private equity fund. This deal is Microvest’s debut investment in India.
This is the second investment in Grameen Koota in the last two months.The fund is raised as [...]

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New Version of Mifos Open Source Microfinance Software released by Grameen Foundation

January 23, 2010

Latest Release of Open Source Software for Microfinance Includes Support for Spanish and Firefox 3.0 Browser and Interface for Banking Systems
Grameen Foundation has announced the latest release of Mifos, its award-winning open source software platform for microfinance.  Mifos 1.4 is the first version available in Spanish and also provides support for Firefox 3.0 and integration [...]

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Gold Loans – The new financial El Dorado ?

January 19, 2010

Gold loans(Loans given with  gold as collateral) in India have seen a major interest from corporates in the last one year. Many NBFC’s have begun to focus on this sector. Two kerala based NBFC’s Manappuram Finance and Muthoot Finance have expanded rapidly in semi-urban areas of South India and are now planning for an aggressive [...]

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