Two US-based firms, Creation Investments and Norwest Venture Partners, recently co-led a Series C financing round of USD 200 million for Vastu Housing Finance of India. Each investor committed USD 75 million to Vastu, with India’s IIFL Finance investing the remaining USD 50 million. Vastu plans to use the financing to
Tag: Creation Investments
MICROCAPITAL BRIEF: CredAvenue Raises $90m in Equity Round Led by Sequoia for Platform Connecting Lenders, Borrowers in India
CredAvenue, a service that facilitates transactions between lenders and institutional borrowers in India, recently raised USD 90 million in Series A funding. Sequoia Capital India led the round of funding, with participation from
MICROCAPITAL BRIEF: Creation Investments Leads $30m Debt, Equity Funding Round for ReshaMandi, B2B App for Silk Farms, Manufacturers, Retailers in India
ReshaMandi, business-to-business (B2B) marketplace app serving 35,000 farms, manufacturing businesses and retailers active in the silk industry, recently raised USD 30 million in debt and equity. Creation Investments, a US-based alternative investment manager,
MICROCAPITAL BRIEF: Avla Raising $20m in Equity Round to Be Led by US-based Creation Investments to Expand B2B Insurance Offerings in Chile, Mexico, Peru
US-based Creation Investments Capital Management recently announced it is leading an equity investment of USD 20 million in Avla, a Chile-based business-to-business provider of insurance, surety bonds and collections services in Chile, Mexico and Peru. The firm’s insurance products include coverage for
MICROCAPITAL BRIEF: Creation Investments Lends $12m to Berar Finance, SRFC, Sindhuja Microcredit of India
US-based Creation Investments Capital Management recently lent a total of USD 12 million to three non-bank financial institutions in India: Berar Finance, Shri Ram Finance Corporation (SRFC) and Sindhuja Microcredit. These investments are
MICROCAPITAL BRIEF: Creation Investments Launches Debt Fund in India to Focus on Microfinance, SMEs, Housing, Education
Creation Investments Capital Management, which is based in the US city of Chicago, recently opened an office in the Indian city of Bengaluru and launched a fund for lending to non-banking financial companies in the country. The target firms are those that
MICROCAPITAL BRIEF: Fusion Microfinance Raises $72m in Equity from Warburg Pincus, Creation Investments; Provides Exits to Incofin, Nordic Microfinance Initiative, SIDBI, BIO
US-based investors Warburg Pincus and Creation Investments recently placed INR 520 crore (USD 72 million) in equity in Fusion Microfinance, a provider of group loans and financial literacy training to women in rural areas of northern and central India. As part of the funding round, the following investors sold their stakes in the