Svasti Microfinance raises Rs 47.5 crore
Adar Poonawalla-backed Svasti Microfinance secured ₹47.5 crore from key investors, including Abler Nordic and Rajiv Dadlani Group. This funding, a mix of equity and debt, will fuel expansion of its loan portfolio, bolster digital infrastructure, a...
By ET Bureau |
TIL Creatives
The capital is raised through a combination of equity and subordinated debt, the company said.
Kolkata: Adar Poonawalla-backed Svasti Microfinance has raised '47.5 crore from its core investor group that includes Norway-based impact investor Abler Nordic and local investment entity Rajiv Dadlani Group.
The capital is raised through a combination of equity and subordinated debt, the company said.
The proceeds will be leveraged to expand the company's loan portfolio, further enhance its proprietary digital infrastructure and to diversify its loan product offerings beyond traditional joint liability loans. Svasti aims to take its assets under management to '1,400 crores by March 2027.
The capital is raised through a combination of equity and subordinated debt, the company said.
The proceeds will be leveraged to expand the company's loan portfolio, further enhance its proprietary digital infrastructure and to diversify its loan product offerings beyond traditional joint liability loans. Svasti aims to take its assets under management to '1,400 crores by March 2027.
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