by Saulius Ramanauskas -

MICROCAPITAL BRIEF: In $112m Deal, ADB, BII, LeapFrog, Premji Invest in Shubham Housing Development Finance of India as Elevar, Motilal Oswal Private Equity Exit

The multilateral Asian Development Bank (ADB), the UK government’s British International Investment (BII), UK-based LeapFrog Investments and India’s Premji Invest (PI) – via its PI Opportunities Fund – recently announced they have led an investment in the India’s Shubham Housing Development Finance in local currency totalling the equivalent of USD 112 million. The four investors disbursed USD 78 million to Shubham as primary capital to

by Tejas Gumudavelly -

MICROCAPITAL BRIEF: SarvaGram Raises $10m from Elevation Capital, Elevar Equity for Microfinance in India

SarvaGram, a microlender in India, recently secured equity investments totaling USD 10.5 million in a funding round led by Elevation Capital, with participation from Elevar Equity. The terms of the investments have not been released. Elevar Equity previously invested USD 3.5 million in SarvaGram, which offers