Michael and Susan Dell Foundation invests in Kinara Capital

NEW DELHI: Kinara Capital, a Bangalore-based financer for the micro, small, and medium enterprises (MSMEs), today said it has received an equity investment from the Michael & Susan Dell Foundation.

This investment will support Kinara's efforts to expand their operations in India, Kinara said in a statement.

The investment details were not shared. The Dell family foundation will hold a minority equity stake in the company, and Satyam Darmora, Portfolio Lead, Family Economic Stability will join the Board of Directors.

The Family Economic Stability portfolio of Michael & Susan Dell Foundation includes more than 25 microfinance and skill training institutions.

Kinara provides collateral free loans of Rs 50,000-Rs 10 lakh for asset finance and working capital to MSMEs.