News Column

Ujjivan Financial Plans PE Fund Raise

June 27, 2014



@Ujjivan, a leading microfinance institution with pan-India presence is planning to raise INR 3500 Mn through PE route.

Out of total amount, INR 2500 Mn will be the primary infusion and the rest will be to provide part liquidity to the MFI's earlier investors.

PE Investors in Ujjivan Financial Services include Unitus (UEF), Bellwether, Michael & Susan Dell Foundation, A.W. Holdings, Sequoia Capital, Lok Capital, Elevar Equity, India Financial Fund and SIDBI. Its latest fund raise will also surpass all its previous funding rounds put together.

Last year, it had raised R50 Cr of debt capital through issuance of NCDs to Oikocredit, an international cooperative and social investor.

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Ujjivan has services spread across 22 states through 350 branches serving 1.3 Mn active customers with a customer retention rate of 85%.


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Source: DealCurry (India)


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