Tag: fundraise

Unitus Seed Fund’s new investors propel fund over USD $20 million

New investors in India’s most active Micro VC impact fund demonstrate that commercial and philanthropic investors are drawn to impact investing 2 September 2014. San Francisco: Unitus Seed Fund, India’s most active seed-stage impact investor, has secured an additional USD $7 million in commitments for a total of USD $20 million for its India-focused Micro… Read more >

Unitus Seed Fund lands $8 Million for BoP Startups from Leading Early-stage Investors

January 3, 2013 Press Release, Unitus Seed Fund

Investment includes backing of Vinod Khosla, Mohandas Pai, Mike Murray and others Seattle, USA and Bangalore, India. Unitus Seed Fund (USF) has secured over $8 million in investment commitments for its seed-stage venture capital fund focused on accelerating “BoP startups” – startups serving low-income consumers – in India.  USF invests in for-profit scalable companies that will… Read more >

Unitus Capital raises $5m for Forus Health

April 27, 2012 Press Release, Unitus Capital

Unitus Capital advises Forus Health on raising $5 million from Accel Partners & IDG Ventures in India Bangalore, April 26, 2012: Bangalore-based affordable medical technology and solutions company  Forus Health Pvt. Ltd.  (Forus) has successfully raised Series A funding of $5 million from two leading venture capital funds, Accel Partners and IDG Ventures India. Unitus… Read more >

Unitus Capital raises $3m equity for Arman Financial

November 25, 2011 Press Release, Unitus Capital

Eric Savage, Co-Founder & President of Unitus Capital, commented “Unitus Capital is honored to be part of this transaction, which is a rare instance of private placement of equity in an MFI which is listed and actively traded. Arman is a high-quality institution with many years of lending experience in Western India, a highly under… Read more >

Unitus Capital raises equity for Barefoot Power

November 25, 2011 Press Release, Unitus Capital

The Sustainable Enterprise Fund, an impact venture fund managed by Ennovent, has made its first investment of an undisclosed amount in Barefoot Power. The co-investors include Insitor, Oikocredit and The Grace Foundation. Unitus Capital advised Barefoot Power in this transaction. Barefoot Power, a global, social for-profit enterprise, manufactures and distributes lighting products, solar phone charging… Read more >

Unitus Capital is lead advisor on Leapfrog’s $15M investment in Shriram

September 8, 2011 Press Release, Unitus Capital

Leapfrog invests USD $15 million in Shriram in a strategic partnership to serve 10 million people in India LeapFrog Investments today announced a $15 million investment into Shriram CCL in a ground-breaking deal that will extend high quality insurance, savings, and investment products to the underserved Indian market. With LeapFrog’s injection of significant new capital… Read more >

Unitus Capital raises $11.7 million for India MFI Satin

August 4, 2011 Media Exposure, Unitus Capital

Unitus Capital was the sole advisor to India MFI Satin Creditcare Network Limited in raising new equity and non-convertible debentures totally Rs 52 crore (about USD$ 11.7 million) earlier this year. This included Satin’s third round equity infusion of Rs 40 crore (~USD$ 9 million) from ShoreCap II Limited and Danish Microfinance Partners K/S (DMP) in… Read more >

Unitus Capital helps Janalakshmi raise INR 65 crores

June 22, 2011 Media Exposure, Unitus Capital

Unitus Capital functioned as the lead financial advisor assisting Janalakshmi, an innovative urban microfinance social business based in Bangalore, India to raise its third round of funding of INR 65 crores (approximately USD$14.5 million.) London based Citi Venture Capital International, which manages over $7 billion in equity investments and committed capital including existing investors have… Read more >

Leapfrog hires Unitus Capital to invest in micro-insurance in India

May 31, 2011 Media Exposure, Unitus Capital

MUMBAI –LeapFrog Investments, a $135 million fund focused on micro-insurance, is looking to deploy as much as $40 million in India. “India presents an opportunity as the level of penetration of insurance is very low,” said Jim Roth, the company’s co-founder and partner. In other markets, insurance is for the wealthy, whereas in India there… Read more >

Vindhya e-Infomedia raises PE capital from ACCION & MSDF

March 17, 2011 Press Release, Unitus Capital

Bangalore-based BPO Vindhya e-Infomedia (Vindhya) has successfully raised venture funding from two leading socially-committed investors, ACCION International and the Michael & Susan Dell Foundation. Unitus Capital was the sole advisor to Vindhya for the transaction. Vindhya’s customer base primarily comprises of info-tech and microfinance companies to whom the company offers data management and processing solutions… Read more >

Grameen Koota Raises Rs.35 Crores

February 24, 2011 Press Release, Unitus Capital

Grameen Koota Raises Rs.35 Crores through Non-Convertible Debentures Bengaluru, 24th February 2011: Bangalore-headquartered, Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 35 crore (~USD 8 mn) of debt capital through an issuance of secured, redeemable, nonconvertible debentures (NCDs) to DWM (Cyprus) Limited, a member of the Developing World Markets (DWM)… Read more >

Ujjivan Raises Rs.40 Crores

January 5, 2011 Press Release, Unitus Capital

Ujjivan Raises Rs.40 Crores through Non-Convertible Debentures Bengaluru, 5th January 2011: Bangalore-headquartered, Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised INR 40 Crores of debt capital through issuance of listed, secured, redeemable, non-convertible debentures (NCDs) to DMW (Cyprus) Limited , a member of the Developing World Markets (DWM) group of companies.… Read more >