C4D Partners India promotes exec to partner role
Capital 4 Development (C4D) Partners India, which is currently raising its maiden India-focused fund, has promoted its principal director to the role of partner. C4D Partners, which has made 13 investments in India out of its maiden Asia fund and committed about $18 million to the domestic market, has elevated Sowmya ......
Arohan Financial secures additional funding from offshore backer
Microfinance institution Arohan Financial Services, a part of the Aavishkaar-Intellecap Group, has raised $20 million (nearly Rs 163 crore) in debt from a development finance institution. The microlender, which scrapped its plan for a Rs 850-crore initial public offering (IPO) last year citing tough macroeconomic conditions, has bagged the fresh capital ......
Arohan Financial snags $24 mn from another DFI
Microfinance institution Arohan Financial Services, a part of the Aavishkaar-Intellecap Group, has raised nearly Rs 200 crore ($24 million) from Investment Fund for Developing Countries (IFU), a development finance institution backed by the Denmark government. The move comes after the micro lender scrapped its plans to float an initial public offering ......
Arohan, Innoviti backer FMO takes a deep haircut on India debt investment
Dutch development finance institution FMO has taken a deep haircut on one of its debt investments in India, which accounts for the biggest exposure to its loan book and among the highest share of non-performing loans. FMO, which makes both direct investments in Indian companies and limited partner-style bets on private ......
Aavishkaar Group-promoted Arohan Financial files for IPO
Aavishkaar Group-promoted Arohan Financial Services Pvt Ltd has filed for an initial public offering (IPO). The Kolkata-based microlender’s public offer will see the issuance of shares amounting to Rs 850 crore. It will also have an offer for sale worth Rs 950 crore. The entities that will take part in the offer ......
Danish investor IFU’s top executive resigns
A senior executive at the Danish development finance institute, the Investment Fund for Developing Countries (IFU), which has assets under management in India valued at over Rs 3,000 crore, has resigned from her role. IFU, the backer of SME lender Ugro Capital, has received the resignation of senior vice president and ......
Arohan Financial to get $20 mn in debt funding from IFC
International Finance Corporation (IFC) plans to invest about Rs 130 crore ($20 million) in Kolkata-based Arohan Financial Services Pvt. Ltd via long-tenor debt.Arohan will use the money to lend to micro, small and medium enterprises, the World Bank's private-sector investment arm said in a disclosure.The proposed investment will help Arohan ......
Grapevine: Hindustan Unilever leads race for dairy firm; Arohan seeks to raise $200 mn
Consumer goods giant Hindustan Unilever Ltd has emerged as the front-runner to buy Nagpur-based Dinshaw’s Dairy Foods, a media report said. Citing people in the know, Business Standard reported that HUL is in talks with the promoters of Dinshaw’s to strike an all-cash deal of Rs 1,000 crore. This would value the ......
TR Capital invests more in Lenskart, backs Arohan Financial
Hong Kong-based private equity firm TR Capital said on Thursday it has increased its stake in eyewear retailer Lenskart Solutions Pvt. Ltd and acquired a stake in non-bank lender Arohan Financial Services Pvt Ltd.TR Capital made both investments from its third fund, the firm said in a statement. It didn’t ......
Caspian exits microlender Arohan Financial
India Financial Inclusion Fund, which is managed by Caspian Impact Investments Pvt. Ltd, has exited its investment in Arohan Financial Services Pvt. Ltd, at least two people with direct knowledge of the development told VCCircle.The fund has sold its remaining stake in the Kolkata-based micro-finance institution to Denmark-headquartered asset management ......
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