Monday, 8 April 2013
Deal Alert: Utkarsh Micro Finance raises Rs.20-Cr from existing investors
Posted on 20:55 by Unknown
Varanasi-based microfinance institution Utkarsh Micro Finance has closed a Rs.20 crore round of equity financing led by existing investors Aavishkaar Goodwell, IFC and Norwegian Microfinance Initiative (NMI). The NBFC will use the proceeds to build up its presence in UP, Bihar, Uttarakhand and Madhya Pradesh, as well as invest in strategic initiatives.
Started by former ICICI Microbanking
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