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Svasti Microfinance raises $4.8 million to extend financial services to low-income Indians

  • Nordic Microfinance Initiative, Serum Institute of India’s Adar Poonawalla and other investors backed the Mumbai-based microlender.
  • The new funding will provide exits for early investors, which include Michael & Susan Dell Foundation, Bamboo Capital Partners, venture capitalist Sajid Fazalbhoy and angel investor Rajiv Dadlani.