India's SATYA MicroCapital raises $18m from responsAbility, BlueOrchard Finance

India's SATYA MicroCapital raises $18m from responsAbility,  BlueOrchard Finance

Aye Finance provides loans to small businesses. Photo: Aye website

Delhi-headquartered microfinance startup SATYA MicroCapital has raised about $18 million (Rs 135 crore) through non-convertible debentures (NCDs) from impact investment fund manager responsAbility Investments and Swiss impact investor, BlueOrchard Finance Limited.

About Rs 55 crore funds managed by Blue Orchard was disbursed in June and July 2021, and the remaining Rs 80 crore was made available recently by responsAbility Investments, SATYA MicroCapital said in a statement on Wednesday.

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