Satya MicroCapital Secures Funds from Japan-based Gojo & Company
Satya MicroCapital, a Delhi-based women-focused company has reportedly secured funds amounting to Rs 43 crore ($6.27 million) in an equity funding. The particular round was led by new investor Gojo & Company, Inc.
Gojo & Company is based in Japan and holds stakes in microlenders. Dia Vikas Capital Pvt. Ltd, the existing social impact investor of the company also participated in the funding round.
The company is planning to utilize these funds in the expansion of its existence across its existing locations, and also enter into new geographies and diversify its loan book.
With this round, Gojo has taken over 25% stake in the microlender, with the Mumbai-based advisory firm for private equity investments, Vidura Capital, acting as a consultant.
Launched in 2017, Satya Micr...