Monday, 28 January 2013
Deal Alert: Lok Capital, Aavishkaar invest Rs.20-Cr in Suryoday Microfinance
Posted on 19:55 by Unknown
Chennai-based Suryoday Microfinance has raised Rs.20 crore led by existing investors Aavishkaar Goodwell and Lok Capital. It will use the capital infusion to strengthen its presence in Maharashtra, Tamil Nadu, Gujarat and Orissa, as well as to expand into neighboring states.
Set up by a team of three ex-bankers – R Baskar Babu, VL Ramakrishnan and Ganesh Rao – Suryoday has a portfolio of Rs.
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