Janalakshmi Adds $14M
Bangalore-based microlender Janalakshmi Financial Services closed on 650 million rupees ($14.4 million) in a third round of financing, Reuters reported. Citi Venture Capital International took a "significant minority stake" in the company through the round of funding, Reuters wrote. Other investors included TreeLine. Specific terms were not released. Bangalore-based Unitus Capital was the lead arranger and adviser of the issue. Morgan Stanley also acted as an adviser.
22 June 2011•2 mins read
