Satya MicroCapital | Pixr8 News

15Sep By Gauri SinghNo Comments

FUNDING

Top 5 Funding of The Week (10th Sept – 15th Sept)

Like every week, we have come up with the glimpse of the top five funding activities that took place this week. As you might already know, funding is an essential part of a business, especially for the startups. Without funding, the startups cannot look forward to grow and expand as per their plans. This particular week was quite active in terms of fundraising. Various companies, startups raised a valuable amount of funds from well-known investors. The company that raised the highest amount of funds was AutoGrid. It raised $32 million in Series D funding. Well, lets now have a look at all the top five funding activities that made it to the list. 1) Bon Pune-based fintech startup Bon has reportedly raised funds amounting to $1.1 million (Rs 7.8 crore) in...

Indian Microfinancing Group Raises $5 Million From BlueOrchard

New Delhi based Micro-financing group, Satya MicroCapital raises close to $5 million (Rs. 34 crores) from leading Swiss impact investment manager BlueOrchard Finance Ltd. for on-lending to the Indian micro, small, and medium business sector. The funding comes equally from two BlueOrchard managed funds, the Microfinance Initiative for Asia (MIFA), which is the first microfinance initiative of its size to exclusively target Asian microfinance institutions, and the Japan ASEAN Women Empowerment Fund (JAWEF), which is the first fund investing with female micro-entrepreneurs in the Southeast Asian frontier and emerging markets. "Having grown at a considerable rate and expanded our presence across multiple regions in India, we are well on our way to becoming one of the leading microfinance...

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...