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, 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 ......
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 ......
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 ......
Satya MicroCapital taps returning investor to raise fresh capital
Satya MicroCapital Ltd, a Delhi-based microfinance institution backed by Japanese impact investor Gojo & Company Inc., is set to secure fresh capital from an international investor for the expansion of its loan portfolio. The lender, registered as a non-banking financial company-microfinance institution with the Reserve Bank of India, is raising ......
Ugro Capital backer IFU promotes exec to investment director role
The Investment Fund for Developing Countries (IFU), the Dutch government-backed development finance institution which has backed several Indian companies including energy efficiency firm Smart Joules and SME lender Ugro Capital, has promoted one of its key executives in India. IFU, which is looking to invest $240-360 million in India over the ......
Microlender Arohan to raise fresh capital; early investors to exit
Kolkata-based microfinance institution (MFI) Arohan Financial Services Pvt. Ltd is in talks with investors to raise a fresh round of equity capital, a top executive told VCCircle. The capital to be raised will be a mix of primary infusion and secondary transaction wherein some of the earlier investors will exit, the ......
Arohan Financial Services picks bankers for IPO
Kolkata-based Arohan Financial Services Pvt. Ltd, which offers microcredit to individual women borrowers, has shortlisted investment bankers to float its initial public offering, two persons close to the development told VCCircle.The company has shortlisted Motilal Oswal and the investment banking arm of Edelweiss Finance to raise about $100-150 million (around ......
IFU’s Hingorani on making direct deals instead of LP bets, India portfolio and more
Copenhagen-headquartered Investment Fund for Developing Countries (IFU) has made more than 100 investments in India. In fact, the country is the top investment destination for the Danish development finance institution. IFU has invested in companies such as Ugro Capital and Arohan Financial Services in recent months. It intends to make larger bets in ......
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