NBFC Light Microfinance raised ₹196 crore in Series B led by British International Investment (BII), the UK’s development finance institution (DFI) and impact investor where existing investors, Nordic Microfinance Initiative (NMI), Triple Jump BV and Incofin IM, also participated.
Light Microfinance is headquartered in Ahmedabad and operates in Gujarat, Rajasthan, Madhya Pradesh, and Haryana, with an AUM of Rs. 1300 crore. The new funding will allow the company to continue its rapid growth and geographical expansion into new states, as well as continue to invest in technology to improve the digitalisation of the customer experience.
