Ujjivan Raises $19 Million of Equity Capital

Quotes

1. “ We have expanded our institutional investor base to create a balance between socially- and market-driven private equity investors to ensure that our social mission is not diluted, and at the same time, Ujjivan can maintain ambitious growth plans. We are very pleased to receive the unwavering support of the existing and new investors, especially during these challenging economic times. It is a testament to the future of the microfinance industry in India. ”

   By Samit Ghosh

2. “ Creating a secondary market for microfinance institutions' stock is one more critical step in integrating MFIs to capital markets, and in some sense reflects coming of age of this asset class. Bellwether is delighted that it has taken this lead role in the Indian market to provide liquidity to the investors in Ujjivan. Bellwether and India Financial Inclusion Fund are excited to be part of Ujjivan's growth plans and are confident of its success. ”

   By Viswanatha Prasad

Entities Mentioned

• Reserve Bank of India
• Mohit Bhatnagar
• Ujjivan Financial Services
• Sandeep Farias
• Unitus Equity Fund
• W. Holdings
• Michael & Susan Dell Foundation
• Viswanatha Prasad
• Samit Ghosh
• Sequoia Capital

1. Five new investors in this private placement transaction include Sequoia Capital, Lok Capital, Unitus Equity Fund II (UEF II), India Financial Inclusion ... (Read Full Article)
   
   

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