Annapurna Finance to raise funding as coronavirus roils MFIs

Microfinance institution Annapurna Finance Pvt. Ltd is in advanced discussions to raise equity funding from a few institutional investors, two people close to the development told VCCircle. Once the equity round is closed, Bhubaneswar-based Annupurna would join other micro lenders such as Delhi-based Satya MicroCapital and Uttar Pradesh-based Sindhuja Microcredit in tapping existing ......