IFC is planning to invest US$ 35 Million in Kolkata-based Microfinance firm – Bandhan to fund its credit growth and expansion plans. Founded by Chandra Shekhar Ghosh, Bandhan Financial Services Private Limited (BFSPL) provides microloans to women and families, small businesses, as well as cottage industries and other SMEs.
Reported earlier on deal-curry, Bandhan was planning to raise Rs.100 Cr for its expansion and had appointed Intellecap as an advisor for the same. Read more on VCCircle.
