Kinara Capital, which lends to micro, small and medium enterprises (MSMEs) without collateral, has raised $14.5 million in Series C funding from multiple investors including existing ones, Michael & Susan Dell Foundation and Patamar Capital, and new investors Gaja Capital and Gawa Capital.
This round has also provided exits to Shriram City Union Finance Ltd and investors of IIX’s Impact Partners platform. The fresh round of funding will be deployed to expand the product portfolio in existing and new geographies in India and increase investment in technology to improve efficiency in field operations. Read More.