Creation Investments leads $6.4m Sonata Finance round
Sonata Finance, an Indian microfinance institution (MFI), has raised INR350 million ($6.4 million) in a Series D financing round led by Chicago-based Creation Investments. Promoter Anup Kumar Singh and two existing investors in the company - family office the Michael and Susan Dell Foundation and local economist Swaminathan Aiyar – also participated in this round.
Allahabad-based Sonata Finance distributes small loans to people who want to launch small businesses, with an exclusive focus on the northern Indian states. It has operations in Uttar Pradesh, Madhya Pradesh,...
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