Indian MFI Ujjivan secures $25m in fifth round funding
Indian microfinance institution Ujjivan Financial Services has raised INR1.28 billion ($25.5 million) from seven investors in its fifth round of equity funding. Wolfensohn Capital Partners and Dutch development finance company FMO committed INR400 million and INR326 million, respectively, as new investors in the company.
Existing investors who also participated include Lok Capital, Sequoia Capital, Mauritius Unitus Corporation, Elevar Equity and Caspian Advisors. Kotak Investment Banking was the adviser and arranger of...
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