PE Fund Investments
Lender to SMEs Kinara Capital raises Rs.200-Cr led by BII
Kinara Capital, a Bengaluru-based fintech company focused on small business entrepreneurs, has closed an equity round of INR 200 crore led by British International Investment (BII). Existing investor Triple Jump - via funds managed by it including Nuveen and the ASN Microkredietfonds - also participated in the round. Edelweiss Financial Services acted as the exclusive advisor for the transaction. Kinara offers collateral-free business loans in the range of INR 1 lakh to INR 30 lakh. The latest equity investment is expected to propel Kinara Capital to grow 5x by 2025 and reach an AUM of INR 6,000 crore including through its myKinara App.
From the Venture Intelligence PE-VC Deal Database: Between Dec-12 and Apr-22, Kinara had raised over USD 64 M in equity and debt capital from TIAA, Triple Jump, OPIC, Gaja Capital, Patamar Capital, GAWA Microfinance Fund, Michael & Susan Dell Foundation, responsAbility, Sorenson Impact Foundation, Unitus, Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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