Satya Microcapital raises $15-M led by Japan's Gojo

Micro-finance firm Satya MicroCapital Ltd has raised USD 15 million led by existing Japan-based investor Gojo & Company Inc. Of this, USD 8 million would be in debt and USD 7 million in equity. Headquartered in New Delhi, Satya claims to have 350+ branches in more than 35,000 villages in 21 states catering to more than 9 lakh clients in sectors such as agriculture, animal husbandry, business/trade, production/services, and water sanitation. Satya plans to use the new funds to expand geographically and diversify its product portfolio.