PE Fund Investments
Light Microfinance to raise $25-M led by BII: report
Economic Times (Print Edition)
British International Investment (BII) is leading a USD 25 million (INR 196 crore) investment in Ahmedabad-based Light Microfinance. While BII will invest $9.2 million, existing investors Norwegian Microfinance Initiative will invest $7.9 million, Triple Jump $5.4 million and Incofin $9.2 million.
Between Se[-19 and May-21, Light Microfinance had raised over USD 15 M in equity from Triple Jump, Norwegian Microfinance Initiative and Incofin and $5 million as debt from Aviator Emerging Market Fund, IFMR Trust.
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