New Delhi: MokshaYug Access (MYA) announced its funding at Rs8.35 crores ($2 million) from Unitus Equity Fund L.P. (UEF), a private equity fund that makes strategic investments in emerging microfinance institutions.
Vinod Khosla, venture capitalist and former general partner at Kleiner Perkins and founder of Sun Microsystems, Harsha Moily, founder and CEO of MYA and other private investors.
The equity investment will enable the company to build a supply chain and infrastructure for dairy farming and healthcare centres, continue to create key market linkages between the rural community and upstream players, strengthen its technological platform to gear the business for volume driven activities and expand MYA’s microfinance arm.