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BSFL raises Rs118 crore from three investors

BSFL raises Rs118 crore from three investors

Mumbai: Microfinance provider Bhartiya Samruddhi Finance Ltd (BSFL) on Monday raised Rs118 crore from three investors—Matrix Partners India, Hivos-Triodos Fonds and Lok Capital—to close its its Series C fund raising, the firm said in a media statement.

BSFL is the flagship company of the BASIX Group.

‘Mint’ had on Monday reported that three investors were likely to pick up a 15% stake in the microfinance institution.

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