Kinara Capital Secures $10 Million in Funding From IndusInd Bank
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)