Sequoia Backs Indian Microfinance Firm

Ujjivan Financial Services, a Bangalore, India-based microfinance company focused on serving the urban and semi-urban poor has raised $19.6 million in fourth-round funding. New backers are Sequoia Capital, Lok Capital, Unitus Equity Fund II, India Financial Inclusion Fund and SIDBI. Returning shareholders include Unitus Equity Fund, Bellwether Microfinance Fund, the Michael & Susan Dell Foundation and A.W. Holdings.

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