Mi India, a group of entities that aims to create an Indian equity fund for investing in microfinance institutions and social enterprises, is getting a new board member with extensive knowledge and experience in the Indian mutual fund industry.
The troubled Indian microfinance sector is recently making headlines for a series of fundraising activities by some of its larger, profitable microfinance institutions.
Bangalore based NBFC Microfinance Institution (MFI); Janalakshmi Financial Services today announced its first equity raise of Rs. 65 crore as part of its Series C round.
We always try to avoid over saturated markets and for that we have advisor companies that tell us about the country situation as well as the situation of microfinance market situation. That is the reason we have not invested in India, Bangladesh and few other regions which have an over saturated microfinance market.
