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.
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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.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
