BSFL raises Rs118 crore from three investors1 min read . Updated: 06 Apr 2010, 12:12 AM IST
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.