Kolkata: Adar Poonawalla-backed Svasti Microfinance has raised ‘47.5 crore from its core investor group that includes Norway-based impact investor Abler Nordic and local investment entity Rajiv Dadlani Group.
The capital is raised through a combination of equity and subordinated debt, the company said.
The proceeds will be leveraged to expand the company’s loan portfolio, further enhance its proprietary digital infrastructure and to diversify its loan product offerings beyond traditional joint liability loans. Svasti aims to take its assets under management to ‘1,400 crores by March 2027.