Posts Tagged ‘Aavishkaar-Goodwell’

Microfinance Focus, September 4, 2010: Aavishkaar Goodwell India Microfinance Development Company Ltd (“AGIMDC”), a USD 18 mn venture capital investment company for the microfinance sector in India has completed its first exit from its microfinance private equity portfolio in India. According to Company official, earlier this year, it reached an agreement with Canaan Partners to make a partial exit of its stake in Chennai Based ... Full story

Microfinance Focus, Aug 31, 2010: Suryoday Microfinance Pvt. Ltd, a Pune-based microfinance institution has successfully closed its Series B equity financing for a primary infusion of INR 175 million (Approx. $3.7m) together by Lok Capital and Aavishkaar Goodwell, as told to Microfinance Focus. As part of the current transaction, Lok has agreed to make a further infusion of INR 35 million ($0.74 million), resulting in a ... Full story

Microfinance Focus, Jan. 15, 2010: Aavishkaar Goodwell microfinance quity fund, with focus on Indian MFIs, has recently made an unspecified equity investment in Shre Pathrakali Finance Co. Pvt Ltd (SPFCL),  a greenfield MFI operating under the brand name "Utkarsh" that has commenced its micro-credit operations in September 2009 in Varanasi district, Uttar Pradesh. "Aavishkaar Goodwell is proud to partner with Utkarsh on account of its experienced ... Full story

By Naagesh Naaraayana Microfinance Focus, Nov. 16, 2009: World Bank investment arm IFC and India's microfinance venture fund Aavishkaar Goodwell will invest $1.9 million (Rs 75 million) in Varanasi-based Shre Pathrakali Finance Co Ltd, said a note on IFC website. The note said, "IFC is considering an equity investment, along with other investors, to facilitate the company to start and expand its operations." The company's registered office is ... Full story

Microfinance Focus, Sept. 19, 2009: Social business advisory firm Intellecap, in association with microfinance equity fund Aavishkaar Goodwell, will hold SRIJAN, a microfinance and financial inclusion event in Mumbai on Dec. 8, 2009. Full story

MicrofinanceFocus, July 20, 2009: Aavishkaar Goodwell, a specialized equity fund dedicated to Indian MFIs, has recently made an equity investment commitment of Rs 45 million to Suryoday Micro Finance Pvt Ltd (SMF), the company said in a statement on Monday. Suryoday, a Pune-based MFI which began its micro‐credit operations in May this year, was the first MFI in India to secure equity funding from an institutional investor prior to commencement of operations. The funding will be used towards early stage operational investments and capital adequacy requirements. Full story