Suryoday Micro Finance Private Limited , a non-banking finance company providing microfinance services in India, recently raised INR 1 billion (USD 15 million) from investors including the Infrastructure Development Finance Company (IDFC) Bank; ASK Pravi; the Housing Development Finance Corporation (HDFC) Standard Life Insurance; Arpwood Investment Advisors; Kiran Vyapar, the investment arm of LN Bangur Group; Polaris Banyan Holding and Dr. Aravind Srinivasan [2].
Search Results for: Aavishkaar Goodwell
MICROCAPITAL BRIEF: Utkarsh Micro Finance, Advans SA Land $24m in Equity from CDC, Lok Capital, Aavishkaar Goodwell India, International Finance Corporation, Norwegian Microfinance Initiative
The Commonwealth Development Corporation (CDC), a development finance institution owned by the UK government, has announced that it has made an equity investment of USD 11 million in Utkarsh, a northern Indian microfinance institution (MFI) [1].
MICROCAPITAL BRIEF: Aavishkaar Goodwell Invests $6m in Electronic Payment Services (EPS); 4,500 ATMs Planned for Rural India
Aavishkaar Goodwell, an Indian-Dutch joint venture that invests in development projects, reportedly has invested an additional INR 360 million (USD 6 million) in Electronic Payment Services (EPS), an India-based company that provides electronic payment systems to merchants in Asia.
MICROCAPITAL BRIEF: Aavishkaar Goodwell India Microfinance Development Company Ltd Invests USD 450,000 in Belstar Investment and Finance Ltd
Aavishkaar Goodwell India Microfinance Development Company Ltd, an Indian-Dutch joint venture company that provides equity finance for microfinance institutions (MFIs), recently invested USD 450,000 in Belstar Investment and Finance Ltd, a non-bank finance company (NBFC) based in Bangalore, India.
MICROCAPITAL BRIEF: International Finance Corporation (IFC) to Invest $15m in Aavishkaar Goodwell Fund for Microfinance
Aavishkaar Goodwell India Microfinance Development Company Ltd, a microfinance focused private equity firm, has secured a USD 15 million commitment from the International Finance Corporation (IFC), the private investment arm of the World Bank, for its second fund.
KNOW A MICROFINANCE FUND: Aavishkaar Goodwell India Microfinance Development Company Ltd
Overview:
Aavishkaar Goodwell India Microfinance Development Company Ltd is a for-profit business development company that provides equity finance and support to entrepreneurial microfinance organizations in India.
MICROCAPITAL STORY: Pochampally Chenetha Kalanetha Collectives, Samhita Microfinance and Synergics Awarded at the 2008 Srijan Microfinance Business Plan Competition hosted by Intellecap, Standard Chartered Bank, Aavishkaar Goodwell and Financial Express
Srijan recently announced the winners of its 2008 Business Plan Competition, reported by MicroCapital here. Cash prizes were given to the top three contestants, with the first prize sponsored specifically by Standard Chartered Bank. The winners will also have the opportunity to meet investors, though Srijan has not yet specified which investors. All finalists will be able to create accounts on the India Development Gateway Portal, as reported here by MicroCapital.
PRESS RELEASE: Indian Microfinance Institution Grameen Koota Receives $2.3m Equity Investment from Aavishkaar Goodwell
Source: Grameen Koota.
NEWS WIRE: IFC, FMO, and Deutsche Bank Invest in Aavishkaar Goodwell to Support Growth of Microfinance in India
Source: India PR Wire
Article available here.
IFC, a member of the World Bank Group, the Netherlands Development Finance Company (FMO), and Deutsche Bank today announced their joint investment in the microfinance private equity company Aavishkaar Goodwell. This investment will support the launch of up to 60 greenfield microfinance organizations and the expansion of up to 10 fast-growing microfinance institutions across India.
Microfinance Innovation Competition Run by Intellecap and Aavishkaar Goodwell India Declares Vijaya Switha of Chitrika as Winner with Runners Up from Rickshaw Bank and DhanaX
Winners of the 2007 Srijan Microfinance business Plan Competition Award, based in India, were recently announced. The awards are organised by Intellecap, a consultancy firm which works in business innovation, capacity development, and investment initiatives in the development sector, and the Aavishkaar Goodwell India Microfinance Development Company (AGI), which runs microfinance venture capital funds. The top 3 awards include cash prizes of 150,000 rupees (USD 3,600), Rs. 100,000 (USD 2,400) and Rs. 50,000 (USD 1,200) as well as mentoring support from Intellecap for the new initiatives. The organisers say the competition intends to recognise new ideas and encourage innovative thinking and entrepreneurial spirit in the sector.
MICROCAPITAL BRIEF: Suryoday Micro Finance of India Raises $4.5m in Equity from International Finance Corporation (IFC), Aavishkaar Goodwell, Lok Capital
Suryoday Micro Finance Private Limited, an Indian microfinance institution (MFI), recently received an equity infusion totalling INR 270 million (USD 4.5 million) from three investors: INR 150 million (USD 2.5 million) from the International Finance Corporation (IFC), the private-investment arm of the World Bank Group, and INR 62 million (USD 1 million) each from Aavishkaar Goodwell, a for-profit Indian-Dutch joint venture promoting economic development, and Lok Capital, a Mauritius-based venture fund focused on microfinance and other social businesses in India [1] [2].
MICROCAPITAL BRIEF: Aavishkaar Goodwell, Asia Pragati Invest $3.4m in Swarna Pragati Housing Microfinance in India
Aavishkaar Goodwell, an Indian-Dutch joint venture that invests in development projects, and Asia Pragati, an India-based non-banking financial company (NBFC) owned by Hong Kong-based Pacific Alliance Group (PAG), reportedly have invested a total of INR 210 million (USD 3.4 million) in Swarna Pragati Housing Microfinance, an Indian microfinance institution (MFI) that partners with local MFIs to provide housing loans in the country [1].
MICROCAPITAL BRIEF: Utkarsh Raises $3.7m in Equity from Aavishkaar Goodwell, International Finance Corporation, Norwegian Microfinance Initiative
Utkarsh Micro Finance Private Limited (Utkarsh), an Indian microfinance institution (MFI), reportedly has received an INR 200 million (USD 3.7 million) equity investment from Norwegian Microfinance Initiative (NMI) Frontier Fund, which provides technical and financial support to “emerging” microfinance institutions under the management of the public-private partnership NMI; Aavishkaar Goodwell India Microfinance Development Company (AG), an Indo-Dutch for-profit investor in Indian MFIs; and the International Finance Corporation, the private-sector investment arm of the World Bank Group.
MICROCAPITAL BRIEF: Grameen Koota of India Receives $9.8m in Equity from Incofin, MicroVentures, Aavishkaar Goodwell, Creation Investments; $4m in Debt Funding from Deutsche Bank Microfinance Fund
Indian non-banking financial company (NBFC) Grameen Financial Services Private Limited, also known as Grameen Koota, recently received INR 532 million (USD 9.8 million) in its third round equity funding from Beligium-based investment company Incofin, Italy-based private equity firm MicroVentures, Indian-Dutch joint venture Aavishkaar Goodwell, and US-based for-profit company Creation Investments.
MICROCAPITAL BRIEF: Indian Microfinance Institution Utkarsh Raises $5m in Equity from Norwegian Microfinance Initiative, Aavishkaar Goodwell, International Finance Corporation
Utkarsh Micro Finance Private Limited (Utkarsh), an Indian microfinance institution (MFI), has raised equity commitments of INR 15.8 crores (USD 3.2 million) from Norwegian Microfinance Initiative (NMI) Frontier Fund, a public-private partnership (PPP) that provides technical and financial support to “emerging” microfinance institutions; INR 6 crores (USD 1.2 million) from Aavishkaar Goodwell India Microfinance Development Company (AG), an Indo-Dutch for-profit private investor in Indian MFIs; and INR 3.2 crores (USD 650,000) from International Finance Corporation, the private-sector investment arm of the World Bank Group [1].
MICROCAPITAL BRIEF: India’s Suryoday Microfinance Raises $4.5m from Lok Capital and Aavishkaar Goodwell
Suryoday Microfinance Private Limited, an Indian non-banking financial company (NBFC), recently announced the closing of its Series B equity financing for a total of INR 175 million (USD 3.8 million), provided by Lok Capital, a new investor in the company, and Suryoday’s existing investor Aavishkaar Goodwell, both of which are social investment/microfinance equity funds operating in India.
MICROCAPITAL BRIEF: Aavishkaar Goodwell, Company Providing Equity Finance for Microfinance Institutions (MFIs), Seeks to Raise USD 100 Million for Second Fund
Aavishkaar Goodwell, a company that provides equity finance for microfinance institutions (MFIs), is attempting to secure commitments to raise USD 100 million for its second fund.
MICROCAPITAL STORY: The International Finance Coporation, Netherlands Development Finance Company, and Deutsche Bank Invest Jointly in Indian Microfinance Private Equity Company Aavishkaar Goodwell
Aavishkaar Goodwell (AGI), a for-profit business development company that provides equity finance to microfinance organizations in India, is receiving USD 8 million in investments from the Netherlands Development Company (FMO), together with IFC, a member of the World Bank Group that provides financial products to build the private sector in developing countries, and global investment institution Deutsche Bank, to support the company in expanding its outreach.