Janalakshmi MFI To Raise R50Cr, Lok Capital May Exit
by Charmi Gutka
Janalakshmi Financial Services Pvt Ltd is planning to raise upto R50Cr from PE investors. This deal will provide an exit route to Lok Capital, the Michael and Susan Dell Foundation and Bellwether Microfinance Fund who funded the company when it was set up in 2007.
It also has plans to raise additional capital of R80Cr to R100Cr in 2012-13 in order to achieve its planned scale of business operations.
Online marketplace for home decor and furniture, Pepperfry, owned by Trendsutra Platform Services Pvt. Ltd., has received a funding of Rs 210 Cr from its existing investors including Goldman Sachs, Norwest Venture Partners, Bertelsmann India Investments and Zodius Technology Fund.