PE Fund Investments
IKF Finance raises Rs.250-Cr from Accion, others
IKF Finance, a Vijayawada-based non-banking financial company (NBFC), has raised INR 250 crore led by impact focused Accion International's Digital Transformation Fund. Accion invested INR 120 crore, while the rest came from high-networth-individuals and family offices. Set up in the early 1990s by VGK Prasad, the used vehicle, housing and MSME (micro, small and medium enterprises) financier has been backed by MO Alternate Investment Advisors (MO Alts), which invested in the company in 2015.
From the Venture Intelligence PE-VC Deal Database: Between May-2015 and Jan-2018, IKF had raised over USD 16 M from Motilal Oswal. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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