India: Spandana Sphoorty gets $63m financing from Bank of Baroda, IndusInd Bank Photo: Reuters Ishita Russell January 2, 2018 Premium Hyderabad-based microfinance institution Spandana Sphoorty Financial Ltd, has raised Rs 400 crore ($63 million) from IndusInd Bank and Bank of Baroda through the issue of Pass Through Certificates. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at firstname.lastname@example.org. Just-In Trending China’s Meitu to buy 31% stake in gaming firm for $340m Co-working giant Ucommune seeks $3bn valuation in Nasdaq IPO: Report Proterra Investment Partners seeks to raise over $700m for third food fund Indian buyout firm TIW PE plans to launch $100m new fund next year Germany’s DEG backs PE firm Fulcrum Venture India’s third fund China’s JD.com to lay off 10% of senior executives this year S.Korean VC BonAngels targets over 10 SEA investments this year, mulls new fund Baidu stands to lose most in China’s continued economic downturn Asia becomes a CVC powerhouse, may overtake North America GOJEK-backed Bangladeshi ride-hailing app Pathao seeks up to $50m in Series B round You are subscribed to our mailing list.