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
Tag: CredAvenue
MICROCAPITAL BRIEF: CredAvenue Issues $45m Market-linked Debenture for Spandana Sphoorty to Boost Microfinance for Women in Rural India
CredAvenue, an India-based firm that connects lenders and borrowers, recently issued a market-linked debenture valued at INR 3.38 billion (USD 45 million) for Spandana Sphoorty Financial Limited, a non-banking financial company (NBFC) providing microloans in India. The participating investors comprise
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