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Siguler Guff invest Rs 240 crore in Hyderabad-based microfinance lender Spandana Sphoorty

Private markets investment firm Siguler Guff and Company on Monday announced it has invested Rs 240 crore for an approximate 3.5 per cent ownership stake in Spandana Sphoorty Financial Ltd, a Hyderabad-based microfinance Non-Banking Financial .

Siguler Guff Acquires Significant Stake in Spandana Sphoorty, a Prominent Microfinance Institution

Siguler Guff Acquires Significant Stake in Spandana Sphoorty, a Prominent Microfinance Institution
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Siguler Guff Invests Rs 240 Crore in Spandana Sphoorty

Siguler Guff Builds 240 Crore Stake in Spandana Sphoorty, a Leading Microfinance Lender

Siguler Guff Builds 240 Crore Stake in Spandana Sphoorty, a Leading Microfinance Lender
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A Social enterprise AdMyBinn raises seed funding led by Harsh Vardhan Agarwal

New Delhi [India], November 2 (ANI/ATK): A Kolkata-based social enterprise, AdMyBinn, has recently secured seed funding at a valuation of Rs 7 crores from Harsh Vardhan Agarwal, Executive Director, Ori-Plast Ltd. The funding will expedite the company's growth plans of expanding to new cities, railway stations, building teams, and technology to serve their notion to a more exhaustive extent for completing the chain of lifecycle waste management (Creating Infrastructure-Collection-Safe Disposal-Segregation-Recycling). Founded as a passion project by Joy Pansari, and later joined by Ankit Agarwal, AdMyBinn works on a sustainable revenue generation model that aims towards creating an urban and sophisticated infrastructure to address the concerns of street littering. The noble venture has also successfully made it to Shark Tank India Season 1, pitching its innovative business model to potential investors. With a presence in over 5 cities: Kolkata, Jamshedpur, Siliguri, Puri, and Durgapu

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