Microfinance firm Basix seeks $64 million from PE investors
India-focused Microfinance player Basix is reportedly set to approach private equity investors in an effort to raise as much as IND300 crore ($64 million) later this year, the largest target it has set out of its three previous rounds of financing.
According to local reports, Basix raised INR21 crore ($4.5 million) in 2001; INR55 crore ($11.7 million) in 2009; and INR118 crore ($25.2 million) in April. The World Bank's IFC was a key contributor to...
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