Microfinance

Comat raises Rs 60 cr from Omidyar, Unitus

Comat Technologies, which operates a network of rural business centres, has announced that it has received an investment of Rs 60 crore from Omidyar Network and the Unitus Equity Fund (UEF).

Omidyar Network, the philanthropic investment firm of eBay founder Pierre Omidyar, led the investment round, which marks the organisation’s first direct investment in India.

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Abhay N

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Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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