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IFMR HOLDINGS
Who is Muthukrishnan Dhandapani and how did he become Rahul Gandhi's investment advisor?Muthukrishnan Dhandapani, a Chennai-based mutual fund distributor and ex-BJP supporter, went viral on X after revealing that he has been ad...
Govt extends Chief Economic Adviser Nageswaran's term until March 2027India's Chief Economic Adviser V Anantha Nageswaran's term has been extended by two years until March 2027, according to a government order...
Kaleidofin raises Rs 18 crore in seed round led by Omidyar NetworkThe capital raised in its seed round will accelerate Kaleidofin’s customer acquisition pan-India, expand the company’s network of strategic...
Ess Kay Fincorp raises Rs 150 crore in equity and bonds
Former IFMR executives’ run Kaleidofin partners with SEWA BankKaleidofin and SEWA Bank have launched the application across the bank’s network of 6,00,000 active customers.
Marquee investors exit from Indian microfinance companiesAccording to IFMR Capital, the NBFCMFIs have raised equities worth Rs 2,300 crore in the past few months.
Management rejig at IFMR, two executives call it quitsIFMR CFO confirmed that he resigned from IFMR Capital, and was currently serving his notice period with the organisation. He, however, decl...
Loan pooling turning popular among NBFCsThese loans are bundled together and backed by a common guarantee provided by IFMR Capital.
Hinduja Leyland Finance buys Rs 107-crore worth loans from MFIsHinduja Leyland Finance has bought the pooled loan portfolios against the loan receivables of companies operating across segments such as m...
IFC plans to invest up to $25 million in LeapFrog's priority sector fundLeapFrog Emerging Consumer Fund III, a 10-year closed-end private equity fund that focus on the emerging consumer.
Birla Sun Life Mutual Fund and Ujjivan are in Rs 150-crore securitisation pactThe Ujjivan-Birla Sun Life deal took place in the last week of January, just a week before Ujjivan began operations as a small finance bank.
Only 6% of Indians adults have borrowed from formal institutions: Sucharita Mukherjee, IFMR HoldingsMukherjee says that pension penetration is estimated to be around 1% while savings penetration is at 7% for the poorest 40% of India.
IFMR Holdings raises growth capital from French capital firm ProparcoThe company had previously raised Rs 168 crores from Accion – a global non-profit and LeapFrog Investments and Lok Capital Fund II in Augus...
IFMR Holdings looking to raise $60 millionIFMR Holdings had in August 2015 said that it had raised $25 million or about 160 crore from Accion ($12.5 million), LeapFrog ($9 million) ...
IFMR Holdings raises Rs 163 crore from Accion, LeapFrog, Lok CapIFMR Holdings has raised $25 million (aboutRs 163 crore) from investment firms, the Chennai-based financial inclusion platform’s first roun...
IFMR Holdings raises $25 mn from Accion, LeapFrog & Lok CapitalIFMR Holdings said it has raised $25 million (about Rs 163 crore) in equity from Accion, LeapFrog Investments and Lok Capital.
- IFMR, HDFC Ergo redefine cattle insurance using RFID technology
IFMR, HDFC Ergo introduce livestock insurance with lower premium and health services using RFID technology.
- IFMR-CDF releases EEI index for TN districts
Nilgiris and Namakkal districts in Tamil Nadu have topped the over all ranking in the district level economic environment index (EEI) study...
- IFMR Trust to float two funds to support start-ups and MFIs
The IFMR Trust, supported by a group of investors, including ICICI Bank, will be floating two funds- the Network Enterprise Fund, a $100 mi...
- FIs invest Rs 80 cr in ICICI’s FINO
A clutch of financial institutions from India and overseas have invested Rs 80 crore in Financial Information Network and Operations (FINO)...