February 22

Kinara Capital Secures $10 Million in Funding From IndusInd Bank

By Ashwin Ramarathinam

Kinara Capital on Monday said it has secured $10 million in funding from IndusInd Bank, with a 100% guarantee from the US International Development Finance Corporation (DFC).

“This is part of a debt and equity round of Rs100 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 release.

Photo courtesy of Karolina Grabowska.

Source: Live Mint (link opens in a new window)

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