The Kerala-based lender from the Muthoot Pappachen Group, collected as much as ₹1,000 crore or 34 per cent of its entire collection digitally as of March, which was only ₹168.30 crore in the previous fiscal. Its monthly collections average at ₹550 crore now.
By Team Startupcity | Thursday, 18 February 2021, 13:16 Hrs Chicago based impact investment management company Creation Investments Capital has announced the opening of its first India office in Bangalore. The Bangalore office is aimed at helping the firm manage its growing portfolio of Indian companies. With this announcement, the firm also launched its maiden debt fund in India. The fund focuses exclusively on providing debt financing to non-bank financial companies serving the Indian population in areas such as micro-lending, affordable housing, vehicle loans, small- and medium-enterprise lending (SMEs), and education finance. Currently, Creation s portfolio companies serve more than 23 million entrepreneurs in India. The office in Bengaluru will help manage the firm s growing portfolio of Indian companies that provide capital to those living at the bottom of the economic pyramid. Over the past 10 years, the firm has invested more than $300 million in mul