Microfinance Private Equity

Grameen Koota raises Rs 27.5 from VC Firms Incofin,Micro-Ventures and Aavishkar Goodwell

grameen-koota-microfinance

Grameen Koota Microfinance

Grameen Koota a microfinance institution headquartered at Bangalore and with operations in Karnataka has raised Rs 27.5 crore (Approximately US$ 5 Million)in capital from a Incofin,Microventures and Aavishkar Goodwell.

Grameen Koota is targeting to expand its reach to 20 lakh households across 7 Indian states including Madhya Pradesh, Tamil Nadu and Andhra Pradesh by 2012.

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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