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Sector scan: Why microfinance firms are bracing for growth slowdown

Finance

03 October, 2024

Sector scan: Why microfinance firms are bracing for growth slowdown

In March, India’s microfinance sector recorded its biggest private equity transaction. That month, US-based Advent International and India’s Multiples PE ......

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Impact investors, PE firm get exit window as Annapurna Finance gets over $400 mn tag

Finance

31 January, 2024

Impact investors, PE firm get exit window as Annapurna Finance gets over $400 mn tag

Odisha-based lender Annapurna Finance, which counts a string of impact investors and development finance institutions as its backers, is set ......

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Bottomline: OIJIF-backed Annapurna Finance slashes bad loans as profit, AUM jump

Finance

16 October, 2023

Bottomline: OIJIF-backed Annapurna Finance slashes bad loans as profit, AUM jump

Annapurna Finance Pvt. Ltd, an Odisha-based non-banking finance company, appears to have mitigated the disruptions it faced due to the ......

Proparco makes $15 mn debt investment in Indian microlender

Finance

07 March, 2023

Proparco makes $15 mn debt investment in Indian microlender

French public entity Agence Française de Développement Group’s private sector financing arm, Proparco, which had earlier backed a host of ......

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How DEG is slowly rebuilding India exposure after sharp pullback

Finance

27 February, 2023

How DEG is slowly rebuilding India exposure after sharp pullback

German development financial institution DEG is slowly rebuilding its India exposure, two years after its investments in the South Asian ......

Annapurna Finance raises $15 mn from French institution Proparco

Finance

24 June, 2022

Annapurna Finance raises $15 mn from French institution Proparco

Odisha-based microfinance institution Annapurna Finance on Friday said it has secured $15 million (Rs 115.5 crore) as a part of ......

Annapurna Finance raises funds from Germany's DEG

Finance

25 November, 2021

Annapurna Finance raises funds from Germany's DEG

Odisha-based microfinance institution Annapurna Finance, backed by Asian Development Bank (ADB) and Oman India Joint Investment Fund (OIJIF), has raised ......

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

Finance

19 April, 2021

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-sector lender IndusInd Bank for ......

Nuveen Global Impact leads funding for Annapurna Finance

Finance

30 March, 2021

Nuveen Global Impact leads funding for Annapurna Finance

Microfinance institution Annapurna Finance, backed by Asian Development Bank (ADB) and Oman India Joint Investment Fund (OIJIF), has raised $30 ......

Oman India Joint Investment Fund backs NBFC Annapurna Finance

Finance

06 June, 2018

Oman India Joint Investment Fund backs NBFC Annapurna Finance

Bhubaneswar-based non-banking financial company (NBFC) Annapurna Finance Pvt. Ltd has raised Rs 155 crore ($23 million) from mid-market private equity ......