Sunday, 7 April 2013
Deal Alert: MFI Satin Creditcare raises Rs.41-Cr; Lok Capital exits
Posted on 21:09 by Unknown
New Delhi-based microfinance institution (MFI) Satin Creditcare Network Ltd. (SCNL) has raised Rs.41 crore from VC firms MicroVest II, LP, ShoreCap ll Ltd and Danish Microfinance Partners K/S. The promoter group has also contributed funds in this round. The nww round marks the exit of Lok Capital Llc (via sale to MicroVest). Lok was SCNL’s first institutional investor, investing about Rs.5
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