Microfinance Private Equity

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

Grameen-KootaGrameen 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 debt capital through an issuance of secured, redeemable, non-convertible debentures (NCDs).

Abhay N

Author : 

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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