Kinara Capital get $10 mn funding from IndusInd Bank; also 100% guarantee from US Int’l DFC
February 22, 2021
Funds to be used for expansion of MSME financial inclusion across manufacturing, trading, and services sectors
Kinara Capital on Monday announced securing $10 million from IndusInd Bank with a 100 per cent guarantee from the US International Development Finance Corporation (DFC).
“This is part of a debt and equity round of ₹100 crore, with equity contributions coming from Kinara’s existing investors Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation (MSDF) and Patamar Capital,” it said in a statement.
The investment will be used by Kinara Capital towards the expansion of MSME financial inclusion across manufacturing, trading, and services sectors in India.