Tag: invest

Tamil Nadu MFI Gets $4.25M From MicroVest, UEF, Vinod Khosla

June 23, 2009 Media Exposure

Grama Vidiyal Micro Finance Limited (GVMFL), a Tamil Nadu based microfinance institution, has raised $4.25 million from MicroVest and its existing investor Unitus Equity Fund in its second round of fundraising. Vinod Khosla, who had also invested in the first round of funding of GVMFL, has invested in this round too, through his non profit private… Read more >

Ujjivan Raises $19 Million of Equity Capital

November 21, 2008 Media Exposure

Ujjivan Financial Services, a Bangalore, India-based microfinance institution, is pleased to announce the successful completion of the fourth round of equity infusion. Originally planned for USD 15 million, the equity round was over-subscribed and increased to USD 19 million. The incremental capital was largely subscribed by existing shareholders, including Unitus Equity Fund (UEF), managed by… Read more >

SKS Microfinance Raises Rs 366 Cr In Fourth Round

November 10, 2008 Media Exposure

In the largest microfinance deal in the world, Hyderabad based SKS Microfinance has raised Rs 366 crore or $75 million from private equity investors. This is fourth round of fund raising by SKS. Sandstone Capital, an India focused hedge fund with $1 billion capital under management, has led the deal, while the other investors in… Read more >

ACCION, Michael & Susan Dell Foundation and Unitus Equity Fund Invest in Swadhaar FinServe

October 14, 2008 Media Exposure

MUMBAI, India, Oct. 14 /PRNewswire/ — ACCION International (through its Gateway Fund), the Michael & Susan Dell Foundation and the Unitus Equity Fund (UEF) announced investments in Swadhaar FinServe Private Limited, a microfinance institution (MFI) operating in the slums of Mumbai. The promoters of Swadhaar FinServe, Veena Mankar and Haseena Vahanvaty, bring together a unique… Read more >

MokshaYug Access announces $2 M funding

March 17, 2008 Media Exposure

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… Read more >

SKS Microfinance Raises 3rd Round

February 1, 2008 Media Exposure

SKS Microfinance Pvt. Ltd., one of the fastest growing microfinance company in the world, has announced the successful closure of a third round of funding in which it has raised Rs. 124 crores. The third round of funding is the largest microfinance investment in India till date. SKS Microfinance is the largest venture-backed microfinance institution… Read more >

Unitus Equity Fund L.P. Invests $1,000,000 in Credex

September 6, 2006 Press Release

Unitus Equity Fund L.P. Invests $1,000,000 in Credex Investment Will Allow Credex to Bring Microfinance to More of Mexico’s Working Poor Redmond, WA—September 6, 2006—The Unitus Equity Fund L.P., a private equity fund which invests in emerging microfinance institutions (MFIs) in Asia and Latin America, today announced an investment in Credex (Grupo Crediexpress S.A. de… Read more >

Unitus & MSDF Invest in Microfinance

May 18, 2006 Press Release

Unitus and Michael and Susan Dell Foundation Invest in Microfinance in India Ujjivan partnership to provide microfinance to 600,000 clients by 2011       Redmond, Wash. (PRWEB) May 18, 2006 — Unitus Equity Fund, L.P. (UEF), a private equity fund formed by Unitus, a nonprofit organization which creates innovative solutions to global poverty, and… Read more >

Unitus Announces Equity Investment in SKS Microfinance

March 28, 2006 Press Release

Unitus today announced the Unitus Equity Fund (UEF) and the first-ever UEF investment, a $470,000 investment in Unitus MFI partner SKS Microfinance. The UEF completed a $8.5 million first-round investment close of a $20 million total fund on March 15, 2006. Vinod Khosla Leads Historic Rs. 11 crores ($2.5 million) Investment in SKS Microfinance Largest… Read more >