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Press release: Essmart raises US$1.2M in financing for scaling innovative kirana shop network
Essmart, a last-mile distribution company for socially impactful goods in India, has closed US$1.2M in financing. The round was a mix of equity, debt, and grant funding from elea Foundation for Ethics in Globalization, Partners Group Impact Verein, DEG – Deutsche Investitions- und Entwicklungsgesellschaft MBH, and Swiss Re Foundation.
- Source
- Press release
- Categories
- Investing
- Region
- South Asia
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Press release: Go Beyond Investing and Bamboo Capital Partners agree strategic partnership
Christopher Rolfe, CEO at Go Beyond Investing, said: “At present, there is an untapped opportunity in the European market to invest in early stage companies that have the potential to grow significantly if given the necessary and appropriately timed investment. Through our partnership with Bamboo, we are aiming to capture these compelling opportunities and to increase the capital available to entrepreneurs."
- Source
- Press release
- Categories
- Investing
- Region
- Europe & Eurasia
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Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia
Jumo launched in 2014 and it specializes in social impact financial products. That means loans and saving options for those who sit outside of the existing banking system, and particularly small businesses. it claims to have helped nine million consumers across its six markets in Africa and originated over $700 million in loans.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, venture capital
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Sisu Global Health raises $1.2 million, launches Hemafuse sales
Hemafuse is the first product to be launched from the company’s portfolio. With the device, Sisu is looking to address a 50 percent shortage of blood needed to perform surgery in Africa.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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Arohan Financial to raise ₹ 3.5 billion, plans IPO in 12-15 months
Arohan Financial will use the funding from promoters Aavishkaar-Intellecap and others to strengthen its capital adequacy ratio to expand in the 10 low-income states it is currently present in, says MD Manoj Kumar Nambiar.
- Categories
- Investing
- Region
- South Asia
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Press release: Goodwell launches EUR 20 million fund
Goodwell Investments has launched a new EUR 20 million fund for investments in the inclusive economy in Sub-Saharan Africa. The launch specifically meets the growing demand for impact investments from private investors, family offices and foundations, and plays to the many investor requests Goodwell received following the successful closure of its predecessor fund earlier this year.
- Source
- Press release
- Categories
- Investing
- Region
- Sub-Saharan Africa
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India’s Impact Capital Vacuum – And What to Do About It
Impact investments in India grew by double digits between 2010 and 2016, and are expected to reach US $8 billion by 2025. But the on-the-ground reality is not so rosy. Investors are flocking to financial services and larger-scale companies, while early-stage enterprises and impact sectors such as agriculture, health care and clean energy face a funding gap. While there is no secret sauce for changing this dynamic, Gagandeep Bakshi and Sameer Gaud at Intellecap offer five guiding principles to help social enterprises with successful fundraising.
- Categories
- Investing, Social Enterprise
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Nigerian fintech startup Mines plans expansion after $13m funding round
Nigerian fintech startup Mines is planning to expand to other African markets, as well as some in Southeast Asia and Latin America, after securing significant funding last month.
- Region
- Sub-Saharan Africa
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