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Light Microfinance raises Series B funding from BII, others

Finance

Light Microfinance raises Series B funding from BII, others

Light Microfinance has raised Rs 196 crore ($24.1 million) in a Series B funding round, the company ...

Annapurna Finance raises $15 mn from French institution Proparco

Finance

Annapurna Finance raises $15 mn from French institution Proparco

Odisha-based microfinance institution Annapurna Finance on Friday said it has secured $15 million (...

Kedaara Capital-backed Spandana Sphoorty makes peace with founder Padamaja Reddy

Finance

Kedaara Capital-backed Spandana Sphoorty makes peace with founder Padamaja Reddy

Spandana Sphoorty has resolved all differences with founder and managing director Padmaja Reddy by ...

IIFL Finance, Open Financial JV to launch neobank for MSMEs

Finance

IIFL Finance, Open Financial JV to launch neobank for MSMEs

Fairfax Financial Holdings Ltd-backed non-bank lender IIFL Finance Ltd and SME-focused neo-banking ...

Satya MicroCapital picks up 24% stake in Jaipur-based Baid Housing Finance

Finance

Satya MicroCapital picks up 24% stake in Jaipur-based Baid Housing Finance

Swiss impact investor BlueOrchard-backed Satya MicroCapital Ltd, focused on self-employed rural ...

Annapurna Finance raises funds from Germany's DEG

Finance

Annapurna Finance raises funds from Germany's DEG

Odisha-based microfinance institution Annapurna Finance, backed by Asian Development Bank (ADB) and ...

India's microfinance sector hit as defaults surge in pandemic

Finance

India's microfinance sector hit as defaults surge in pandemic

Small loan specialists in India that typically cater to people without bank accounts are facing a ...

 French agency Proparco makes a loan for IndusInd Bank's microfinance division

Finance

French agency Proparco makes a loan for IndusInd Bank's microfinance division

French development agency Proparco made a $75 million (about Rs 560 crore) loan to mid-sized private...

Aviator Emerging Market Fund leads investment in Dhanvarsha Finvest

Finance

Aviator Emerging Market Fund leads investment in Dhanvarsha Finvest

Aviator Emerging Market Fund, focused on Indian non-banking financial companies, has led a Rs 65.8 ...

Serum Institute chief exec, others pump more money in Svasti Microfinance

Finance

Serum Institute chief exec, others pump more money in Svasti Microfinance

Svasti Microfinance, which focuses on women, has raised Rs 31 crore (around $4.3 million) from ...