From Sachin Bansal to Ratan Tata, MFIs pique investor interest

Reach, cost and distribution are three key factors driving corporate entities into the microfinance sector

Corporate bigwigs are looking at acquisitions in the microfinance space due to the latter's reach and distribution. 

Flipkart co-founder Sachin Bansal is in talks with Bengaluru-based microfinance firm, Chaitanya India Fin Credit to acquire a majority stake.   “We are talking to multiple investors, and Sachin Bansal is one of them,” confirmed Samit S Shetty, co-founder and Managing Director of Chaitanya India Fin Credit.

A couple of months ago Anushree Jindal, daughter-in-law of Sajjan Jindal, had launched an MFI called Svamaan Financial Services. The firm has been set up with a seed capital of Rs 15 crore through personal funding. One