Indonesia: Crowdfunding startup Danadidik raises seed round from impact fund

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DanaDidik was one of the nine startups that recently graduated from Plug n Play Indonesia’s acceleration program.

India: NBFC Varthana raises $3m for school financing programme

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The funding was led by Michael & Susan Dell Foundation to expand its School Transformation Program.


Asia Digest: ADB debt for RE projects; IIX, PTI Australia in impact investing pact

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Asia Digest: ADB okays debt financing RE projects; IIX, PTI Australia ink impact investing agreement for women-focused enterprises.


TPG secures record $2b for Rise impact investing fund co-led by Bono

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The fund surpassed its $1.5 billion target and hit its $2 billion hard cap.


India: NBFC Shiksha Finance raises funds from Dell Foundation

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The funding is through a combination of debt and equity.


India: Save Solutions raises $6m from impact investor Incofin

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Incofin has invested through its latest fund, AGRIF, which focuses on agricultural and financial services businesses.


IFC to consider investing $25m in Nexus India-backed Agrex

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Agrex CEO Sameer Mehra owns 45% in the firm while the balance is held by Nexus India and Capricorn Investment Group.


Myanmar MFI Alliance gets $5m from Asia Impact Investment Fund, return backers

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Asia Impact Investment Fund I is a JV between UOB Venture Management and Singapore branch of Credit Suisse AG.


Singapore: Prestellar Ventures backs renewable energy firm ThirdWave Power

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The fund plans to invest a total of $3 million into the Singapore-based energy firm


ADB launches $1.1b funding support for Indonesia energy programme

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The funding will be a $500 million policy-based loan, and a $600 million results-based loan to the State Electricity Corp.