Category: Unitus Equity Fund

Unitus 2012 Mid-Year Update

The Unitus family is partnering with a growing list of exciting, innovative young companies that share the common goal of creating opportunity for millions of people living at the bottom of the economic pyramid (BoP). As you will see from this semi-annual update, we’ve got some very compelling work happening across the Unitus family! As… Read more >

2011 Unitus family update

Update from Unitus family on activities and progress in 2011 towards our poverty impact mission 2011 has been an exciting year for the Unitus family. Thanks to your help over the years we have been able to continue our tradition of high impact innovation. A few highlights from 2011: Birthed two new initiatives: Unitus Impact… Read more >

Tamil Nadu MFI Gets $4.25M From MicroVest, UEF, Vinod Khosla

Grama Vidiyal Micro Finance Limited (GVMFL), a Tamil Nadu based microfinance institution, has raised $4.25 million from MicroVest and its existing investor Unitus Equity Fund in its second round of fundraising. Vinod Khosla, who had also invested in the first round of funding of GVMFL, has invested in this round too, through his non profit private… Read more >

Grama Vidiyal Raises $4 million of Equity

Grama Vidiyal raises over USD 4 million of equity capital, the first equity investment in India in 2009 Tamil Nadu, India-based microfinance institution successfully completes second round of equity infusion from MicroVest, Unitus Equity Fund I (UEFI) and Amar Foundation. Tamil Nadu, India June 16, 2009: Grama Vidiyal Microfinance Private Ltd (GVMFL) is pleased to… Read more >

Ujjivan Raises $19 Million of Equity Capital

November 21, 2008 Media Exposure, Unitus Equity Fund

Ujjivan Financial Services, a Bangalore, India-based microfinance institution, is pleased to announce the successful completion of the fourth round of equity infusion. Originally planned for USD 15 million, the equity round was over-subscribed and increased to USD 19 million. The incremental capital was largely subscribed by existing shareholders, including Unitus Equity Fund (UEF), managed by… Read more >

SKS Microfinance Raises Rs 366 Cr In Fourth Round

November 10, 2008 Media Exposure, Unitus Equity Fund

In the largest microfinance deal in the world, Hyderabad based SKS Microfinance has raised Rs 366 crore or $75 million from private equity investors. This is fourth round of fund raising by SKS. Sandstone Capital, an India focused hedge fund with $1 billion capital under management, has led the deal, while the other investors in… Read more >

ACCION, Michael & Susan Dell Foundation and Unitus Equity Fund Invest in Swadhaar FinServe

October 14, 2008 Media Exposure, Unitus Equity Fund

MUMBAI, India, Oct. 14 /PRNewswire/ — ACCION International (through its Gateway Fund), the Michael & Susan Dell Foundation and the Unitus Equity Fund (UEF) announced investments in Swadhaar FinServe Private Limited, a microfinance institution (MFI) operating in the slums of Mumbai. The promoters of Swadhaar FinServe, Veena Mankar and Haseena Vahanvaty, bring together a unique… Read more >

MokshaYug Access announces $2 M funding

New Delhi: MokshaYug Access (MYA) announced its funding at Rs8.35 crores ($2 million) from Unitus Equity Fund L.P. (UEF), a private equity fund that makes strategic investments in emerging microfinance institutions. Vinod Khosla, venture capitalist and former general partner at Kleiner Perkins and founder of Sun Microsystems, Harsha Moily, founder and CEO of MYA and… Read more >

Interview with Harsha Moily, MokshaYug Access

February 19, 2008 Media Exposure, Unitus Equity Fund

While traveling in the Philippines, Global X had a chance to talk to Harsha Moily, CEO of MokshaYug Access (MYA), a microfinance institution based in Karnataka that has close to 100 employees and US$2 million in loans. MYA goes beyond microlending. Harsha Moily’s philosophy is that microfinance should always include a wide range of financial services… Read more >

SKS Microfinance Raises 3rd Round

February 1, 2008 Media Exposure, Unitus Equity Fund

SKS Microfinance Pvt. Ltd., one of the fastest growing microfinance company in the world, has announced the successful closure of a third round of funding in which it has raised Rs. 124 crores. The third round of funding is the largest microfinance investment in India till date. SKS Microfinance is the largest venture-backed microfinance institution… Read more >

Metro Microfinance Pioneers (Ujjivan)

With a few prominent exceptions (including SEWA in Ahmedabad) microfinance institutions in India have targeted the rural poor. The urban poor were thought to be too mobile and lacking in neighbourly affinity and cohesion to ever generate the peer-group pressure on which unsecured lending to borrowers organised in joint-liability groups depends. However, all that is… Read more >

Suddenly it is Sexy to Fund the Poor (SKS)

Great ideas often spawn in the most terrible circumstances. One such idea is microfinance, often credited to last year’s Nobel prize winner Mohammad Yunus, who founded the immensely successful Grameen Bank of Bangladesh.  Yunus began by giving a micro-loan of $27 to 42 impoverished families after witnessing the horrors of the great Bengal famine. But… Read more >