Small business-focussed NBFC Kinara Capital on Tuesday said it has raised fresh equity capital of Rs 380 crore from Nuveen’s Global Impact Fund and Triple Jump’s ASN Microkredietfonds Fund. Nuveen is a global investment manager and ASN Microkredietfonds is a Dutch microfinance fund.
“This new equity investment will lead to Kinara’s expansion of products and services to meet the rapidly increasing MSME credit demand in India. Kinara Capital aims to grow by 500 percent by 2025 with plans to disburse Rs 10,000 crore of MSME business loans in the next three years,” Kinara Capital said in a release.
“This new equity investment will lead to Kinara’s expansion of products and services to meet the rapidly increasing MSME credit demand in India. Kinara Capital aims to grow by 500 percent by 2025 with plans to disburse Rs 10,000 crore of MSME business loans in the next three years,” Kinara Capital said in a release.
With this equity round, the non-banking finance company said it will get two new members on its board.
With this equity round, the non-banking finance company said it will get two new members on its board.
Attribution-The Economic Times
