Category: Microfinance Private Equity

esaf microfinance

ESAF Microfinance raises Rs 47.5 Crores

Kerala headquartered NBFC-MFI Esaf Microfinance announced last week that it has raised Rs 47.5 Crore through private placement of Non Convertible Debentures (NCD’s). The NCD issue has been fully subscribed and also been listed on the BSE. The NCD issue has been rated BWB BBB+ by Brick Work Ratings and has been issed to Triodos Fund […]

ifmr capital

Leapfrog to invest Rs 175 Crore in IFMR Capital

LeapFrog Investments, an investor in financial services in growth markets Africa and Asia, has announced a Rs 175 Crore (U.S $29m) investment into India’s IFMR Capital. The deal is the first to be made from LeapFrog’s Fund II. Acting as a bridge between capital markets and high quality financial institutions that reach under-­‐served households and […]

neo growth india

Aspada invests Rs 10 Crore in NeoGrowth NBFC

Aspada Investment Company has made an investment of INR 10 Crore (USD $1.62 million) in Mumbai based NeoGrowth Credit, a non bank financial company (NBFC) that extends short term working capital and inventory loans to small merchants in India against future credit and debit card sales. NeoGrowth Credit Pvt Ltd “Small businesses are the backbone […]

utkarsh microfinance

IFC reinvests Rs 39.5 Crore in Utkarsh Microfinance

IFC, a member of the World Bank Group, is investing over $700,000 (Rs 39.5 Crore) through a rights issue in microfinance institution Utkarsh to support its planned expansion in the low-income states of Uttar Pradesh and Bihar. IFC’s total equity investment in Utkarsh stands just short of $2 million after this round of funding. Other […]

international finance

IFC invests Rs 120 Crore in Ratnakar Bank

IFC, a member of the World Bank Group, has made an equity investment of $22 million ( Rs 120 Crore approximately) in Ratnakar Bank to support financial inclusion and increase financing to agri-based businesses and micro, small and medium enterprises. The Kolhapur-based bank has strong presence in semi-urban and rural markets of Maharashtra, Karnataka and […]

ujjivan financial services

Ujjivan gets Rs 127 Crore equity funding

Ujjivan Financial Services, one of India’s leading urban poor-focused microfinance institutions, has raised Rupees 127.9 Crores (USD 25.5 Million) in its fifth round of equity funding. Two new Foreign Institutional Investors FMO (Netherlands Development Finance Company) and WCP Mauritius Holdings III (Wolfensohn Capital Partners) and existing investors participated in this round. Speaking on the funding, Mr. […]

luminis microfinance funds

LUMINIS : First analytical platform on Microfinance Funds launched

On December 20, 2011, MicroRate,with the support of LuxFLAG and the Grand Duchy of Luxembourg,launched Luminis™ the first web-based, analytical platform focused on microfinance funds, also known as microfinance investment vehicles (MIVs). The website can be accessed at   With thesuccess of microfinance and the growing interest in impact investments that deliver both financial returns […]

utkarsh microfinance

Norwegian Microfinance Initiative invests Rs 25 Crore in Utkarsh Microfinance

The Norwegian Microfinance Initiative (NMI) and Utkarsh Micro Finance Pvt Ltd (Utkarsh) announced that the NMI Frontier Fund KS had led an Rs 25 Crore (250 Million) Series B investment in Utkarsh. A registered Non-Banking Finance Company (NBFC), Utkarsh  currently operates in 13 districts of Uttar Pradesh and Bihar. Utkarsh Microfinance It has 56 branches, over 57,000 active clients and a […]

upaya social ventures

Upaya Social Ventures invests in Samridhi Agriproducts

Upaya Social Ventures has announced that it will be collaborating with Samridhi Agri-Products to establish community dairies that will create jobs and stabilize income for families living in extreme poverty. Launching in one of the poorest states in India, Uttar Pradesh-based Samridhi connects poor milk producers directly to the emerging formal dairy supply chain. Upaya […]

svasti blueorchard

Svasti Microfinance gets Rs 4.5 Crore investment from BlueOrchard

Svasti Microfinance Private Limited (, a Mumbai-based start-up Microfinance company, has successfully closed its second round of equity funding at the end of March 2011. Through its subsidiary in Mauritius, BlueOrchard Private Equity Fund has invested Rs. 4.5 crores. Grameen Capital India acted as exclusive advisor to Svasti on this transaction. The funds will […]

Meghana Rao - The new director of Acumen Fund.

Acumen Fund India appoints Meghna Rao as New Director

Acumen Fund, a nonprofit global venture firm addressing poverty in South Asia and East Africa, last week announced Meghna Rao as its new Acumen Fund India Director. Ms. Rao comes to Acumen Fund with strong experience in venture capital, technology and manufacturing operations and will oversee the expansion of Acumen Fund’s work in India. Acumen […]

shorebank hivos investments

ShoreBank International announces acquisition agreement with Triodos Ventures

SBI (ShoreBank International Ltd.) last week announced that Triodos Ventures BV, the innovative arm of the Triodos group of companies, has become the anchor shareholder of SBI. With an initial investment from Triodos Ventures BV, SBI will strengthen its position as a leading international advisory firm in the inclusive finance industry. Together, Triodos Ventures BV […]

Bandhan logo

International Finance Corporation planning to invest up to Rs 160 Crore in Bandhan

IFC is planning to invest US$ 35 Million in Kolkata-based Microfinance firm – Bandhan to fund its credit growth and expansion plans. Founded by Chandra Shekhar Ghosh, Bandhan Financial Services Private Limited (BFSPL) provides micro loans to women and families, small businesses, as well as cottage industries and other SMEs. Reported earlier on dealcurry, Bandhan was […]

eko abhishek sinha interview

EKO Financial Services sells 30% stake to 4B Capital

EKO Financial Services is currently processing transactions of around Rs 100 Crore every month through it’s 900 outlets. EKO Financial Services Stake Sale EKO Financial Services , a delhi based mobile banking startup which is also a Business Correspondent for SBI has sold a 30% stake in the company to US based 4B Capital. The company […]

stocks india

Future of Microfinance in Andhra Pradesh and India

CONNECTING THE DOTS… By Sirish  Dhurjety (The  author  of  this  article,  Sirish  Dhurjety,  is  currently  pursuing  his  Doctoral Programme  focusing on impact investments in India. He is also the cofounder of a boutique investment bank – Capital Logic , based out of India. The views expressed in the below article are personal. Feedback can be […]

muthoot finance

Muthoot Group in advanced talks to buyout large MFI based in North India

The Muthoot Pappachan Group (MPG) – A diversified financial services conglomerate headquartered in Kerala with interests in finance, hospitality, IT infrastructure, automotive and alternate energy, is said to be in advanced talks to buy out a North India based Microfinance Institution. A source familiar with the deal has informed us that Mr Thomas Muthoot, Executive […]

janalakshmi financial services

Janalakshmi Financial Services planning to raise Rs 200 Crore Private Equity

Janalakshmi Financial Services which has been founded by former Citibank banker Ramesh Ramanathan plans to raise more than Rs 200 crore in private equity funding in the near term, a source familiar with the development revealed. Unlike most other microfinance companies that are focused on rural areas, Janalakshmi Financial Services is an urban microfinance institution […]

Fino microfinance facts

High Net Worth Individual invests in FINO Shares

Avendus Capital – The wealth management firm last week announced that it had successfully closed the private placement of equity shares of Fino to one of their high networth customers. Avendus Capital did not disclose the identity of the Individual or the value of the transaction. FINO (Financial Inclusion Network and Operations Ltd) is a […]

Rural Tourism Network Enterprises RTNE

IFMR Ventures invests Rs 5 Crore in Rural Tourism Network Enterprise (RTNE)

The Network Enterprises Fund (NEF) of IFMR Ventures made its first investment of Rs. 50 million in the Rural Tourism Network Enterprise (RTNE). This investment in RTNE is expected to create access to markets and finance for tens of thousands of rural tourism SMEs. RTNE aggregates information about rural tourism SMEs and distributes this information via a web platform. This will […]

equitas microfinance logo

Equitas Microfinance gets Rs 45 Crores investment from Canaan Partners

Venture capital firm Canaan Partners has committed investments of nearly 140 crore in two firms including a microfinance institution (MFI), a top executive said on Wednesday. The fund has invested approximately Rs 45 crore in the Chennai headquarted Equitas Microfinance.The other investment is in Naaptol Online Shopping Pvt. Ltd,( The investment by Canaan in a […]


The MicroRate 2010 MIV Survey Report

Overview Fueled by the attractiveness of the industry’s social mission and strong performance of microfinance institutions (MFIs), MIVs grew rapidly over the last five years. In 2009, that growth slowed only marginally (to 22% from 28% in 2008). However, microfinance assets grew much more slowly than total MIV assets with the result that MIV liquidity […]


SKS Microfinance IPO gets George Soros as an Investor

After Narayan Murthy, SKS Microfinance has roped in another high profile investor as its IPO opening date draws near.The latest to invest in SKS Microfinance is Quantum Hedge Fund founded by the billionaire investor George Soros. Market sources reveal that Quantum has picked up around 3 lakh shares in the company from its current shareholder […]


Microfinance investor demand rises worldwide in spite of financial crisis

MicroRate has published its State of Microfinance Investment : The 2010 MicroRate MIV Survey highlighting that interest in microfinance funds remains strong despite the recession. Microfinance investment vehicles (MIVs) are a relatively new category of funds that mobilize investments in rich countries and channel them to microfinance institutions (MFIs) in the developing world. “The flow […]