Social Entrepreneurship, Financial Inclusion and Mobile Money Blog
Ujjivan Financial Services, a Bangalore-based microfinance institution (MFI), has completed the fourth round of equity infusion by raising Rs 940 million (USD 18.7 million) making it the fourth highest capitalised MFI in India with total paid up capital and reserves standing at over Rs 1.08 billion (USD 21.5 million) The increase in capital was largely invested by existing shareholders [...]
by Iyanna HolmesSKS Microfinance Pvt. Ltd. has announced the closing of a fourth round of equity financing in which it raised Rs 366 crore, approximately USD 75.4 million. The transaction was led by Sandstone Capital, a U.S. hedge fund based in Boston, MA. Also participating in the transaction were existing investors Kismet Capital …
New Delhi: In a volatile economy, microfinance institutions are offering stable returns over the long term and have begun to draw investor interest.The quarter to September saw the most hectic venture capital action in microfinance yet, according to data collected by Venture Intelligence, which tracks such investments in the country. “If the banking and financial [...]
ACCION, Michael & Susan Dell Foundation and Unitus Equity Fund Invest in Swadhaar FinServe to Accelerate Microfinance in Urban India ACCION International (through its Gateway Fund), the Michael & Susan Dell Foundation and the Unitus Equity Fund (UEF) announced investments in Swadhaar FinServe Private Limited, a microfinance institution (MFI) operating in the slums …
Madura Micro Finance gets Rs 22cr from Unitus Equity Fund Madura Micro Finance Limited (MMFL), a leading Indian Microfinance Institution (MFI), has received a funding of Rs 22 Crores from the private equity investment firm Unitus Equity Fund L.P. (UEF). UEF makes strategic investments in high growth microfinance institutions and social enterprises and is managed [...]
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