Tag: IFMR CAPITAL

Aye Finance raises around $7 m from Netherlands’ Triodos Investment

 Mumbai: Aye Finance, a Gurugram-based small business loan provider, September said it has raised close to $7 million (Rs44crore) in debt financing from global impact investment manager Triodos Investment Management of the Netherlands. Triodos Investment Management manages investment fu…

Leasing expands in India’s SME market

Sumitomo Mitsui Banking Corporation (SMBC) is to team up with IFMR Capital to offer a range of leasing and financial services to companies in the agriculture and micro, small and medium sized enterprise (MSME) sectors in India. The two companies have signed a memorandum of understanding designed …

On-demand delivery start-up ShadowFax raises $10 mn

Hyperlocal logistics startup ShadowFax Technologies Pvt. Ltd has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd. The investment will help Shadowfax build its network, consolidate its market positi…

Mudra Bank helps Janalakshmi to unlock capital

Mudra Bank, which is Narendra Modi government’s gift to Indian banking aiming to grow lending towards small businesses, has invested Rs 50 crore in a securitisation deal with Janalakshmi Financial Services helping the latter unlock capital. This marks MUDRA’s first ever participation …