Sindhuja Microcredit raises $14.5 M in Series C funding

Noida-based NBFC-MFI Sindhuja Microcredit has raised USD 14.5 million (INR 120 crore) in a Series C funding round led by GAWA Capital (through its vehicle Huruma Fund) and Oikocredit. Existing investors Carpediem Capital and Abler Nordic also participated in the round.The company will use the new funds to expand the business in its existing geographies and also foray into newer geographies as well as add new product lines.