India’s Kinara Capital recently raised INR 3.8 billion (USD 50 million) in equity from the Global Impact Fund of US-based Nuveen, which led the investment round, and ASN Microkredietfonds, which is advised by the Netherlands’ Triple Jump, to boost Kinara’s lending to micro-, small and medium-sized enterprises (MSMEs) in India. According to Kinara Founder and CEO Hardika Shah
Tag: Nuveen
MICROCAPITAL BRIEF: Microfinance Institution Annapurna Raises $30m in Equity from TIAA’s Nuveen, Other Investors to Support Lending for Women, SMEs, Housing, Green Finance in India
Annapurna Finance, a microfinance institution (MFI) in India that primarily funds women, recently announced it has raised USD 30 million in equity. The lead investor is US-based asset manager Nuveen, via its Global Impact Fund. The identities of