Microfinance Private Equity

Janalakshmi Financial Services raises USD 10 Million(Approx 45 Crore)

Janalakshmi Financial Services (JFS) which is promoted by former Citigroup Inc banker Ramesh Ramanathan has raised $10 million (Rs45.8 crore) in its second round of funding.

The funding round was led by Singapore-based hedge fund Tree Line Asia Master Fund and Bellwether Microfinance Fund which has been an initial investor in the firm.  Narayan Ramachandran who previously worked with Morgan Stanley has also joined Janalakshmi’s board and invested in his personal capacity.

Related Links

Interview with Ramesh Ramanathan of Janalakshmi with CNBC

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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