India: Sindhuja Microcredit snags $8.7m from NMI, Carpediem Capital

India: Sindhuja Microcredit snags $8.7m from NMI, Carpediem Capital

Photo: Reuters

Digital micro-finance institution Sindhuja Microcredit, which offers small loans to self-employed women entrepreneurs in rural areas, on Monday said it has raised $8.7 million in Series B funding from Norwegian development financier Nordic Microfinance Initiative (NMI) and Indian consumption-focused private equity fund, Carpediem Capital Partners.

In March last year, the Noida-based lender had raised $4 million in its Series A round led by Carpediem Capital.

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