The majority owners of Sindhuja Microcredit, a lender to women in India, recently sold minority shareholdings to Carpediem Capital, an India-based private equity fund manager, and the Nordic Microfinance Initiative (NMI), a public-private partnership based in Norway, for a total of USD 8.7 million. The sizes of the stakes have not been released. Carpediem also invested USD 4 million in Sindhuja in 2019. India’s Vidura Capital served as advisor on the transaction.
The promoters of Sindhuja, Abhisheka Kumar and Malkit Didyala, issued a statement that, “Our customers, self-employed rural women, are the most vulnerable in the COVID–19 world… with their livelihoods under direct threat, this funding will be used to