India: Lok Capital Increases Fund Size To $22 Million

Print
 
Mar 2008
India, March, 19 2008 - Lok Capital LLC, an India focused microfinance venture capital fund, has raised its fund size by about 80 per cent to $ 22 million from $14.5 million (as of November 2007).

The investors in this final close is not known. In November last year, the fund had received $2.5 million from Boston based Accion International, a leading global microfinance institution. This had taken the Mauritius registered Lok Capital’s fund size to $14.5 million. That will be the final close of the first fund, which has an investment period of four years (another three years to go since it was launched last year). It had earlier raised monies from institutional investors such as CDC, FMO, KfW, and IFC. Mehta said Lok Capital has already invested a total of $3 million in two MFIs - Janalakshmi in Bangalore and Spandana (alongwith JM Financial) in Hyderabad.

Source : VC Circle
 

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More