Svasti Microfinance raises $10 mn; Dell Foundation, Bamboo Fin exit

Svasti Microfinance Private Limited (Svasti) has raised a total of $10 Million capital from Adar Poonawalla, Nordic Microfinance Initiative (NMI) and Rajiv Dadlani Group. A portion of the funds will be used to provide full exits to early investors, the Michael & Susan Dell Foundation and Bamboo Financial Inclusion Fund.

In 2015, Svasti raised funds from billionaire Adar Poonawalla, who has subsequently invested in follow-on rounds in 2017, 2018 and in the current round as well. In 2018, Svasti raised funds from Nordic Microfinance Initiative, which has also now invested again in the current round. In addition, in the current