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Sindhuja raises $8.7m from Nordic fund, Carpediem Capital

12May By AnkitaNo Comments

FUNDING

Sindhuja raises $8.7m from Nordic fund, Carpediem Capital

Sindhuja Microcredit, which provides credit to rural women entrepreneurs, has raised USD 8.7 million series B funding from the Norway-based Nordic Microfinance Initiative and Carpediem Capital. The microlender had also raised USD 4 million from Carpediem Capital in March 2019 in the series A round, the company said in a statement on Monday. The two-year-old Sindhuja has provided loans to over 84,000 self-employed rural women across five Indian northern states. It has a loan-book of over Rs 170 crore as of March. "This funding will be used to scale up operations and provide the much-needed credit to our customers, who are rural women entrepreneurs, whose lives have been badly hit due to the COVID-19 pandemic," the company said. Launched 11 years ago, the NMI is a reputed intern...

NITI Aayog Launches Platform For Women Entrepreneurs

NITI Aayog, the policy institute of the Government of India launched the Women Entrepreneurship Platform (WEP) yesterday, to mark the International Women’s Day. This project aims at building a sustainable environment for women across India to realize their entrepreneurial objectives, substantially increase state-of-the-art initiatives and initiate long-term and sustainable business strategies for their companies. The vision of this plan is to involve more women in the economical dynamics of this country and empower them with the necessary tools and knowledge to contribute to the development of a modern India. “The platform aspires to substantially increase the number of women entrepreneurs who will create and empower a dynamic new India,” said Anna Roy, head of Nasscom’s WEP. CEO of N...

IIM Bangalore Selects 15 Women Entrepreneurs For 1 Year Incubation Programme

The Indian Institute of Management Bangalore and Goldman Sachs today selected 15 women entrepreneurs and their ideas for incubation over next year as the final phase of its Women Startup Programme. his is a Goldman Sachs-backed customised online and classroom training programme designed to grow next generation of female entrepreneurs, Goldman Sachs said in a statement. The 15 women selected to incubate (their ideas) at IIMB will receive a fellowship of Rs 40,000 per month, while they further develop their business ideas. "Since 2008, through our 10,000 women initiatives, Goldman Sachs has been investing globally and in India in the economic empowerment of women through education and access to capital," Goldman Sachs (India) Chairman and co-CEO Sonjoy Chatterjee said. "The innovat...