Diversified Non Banking Finance Company (NBFC) Equitas Holdings Pvt Ltd has raised its sixth round of institutional capital of Rs 198 crore from UK Government's Development Finance Institution, Nertherlands Development finance company FMO and the company's promoters.
Equitas Holdings has raised Rs 156.8 crore from CDC and FMO and Rs 41.2 crore from the company's existing investors, Microventures and International Finance Corporation (IFC). Spark Capital acted as exclusive financial advisor for the NBFC.
Established in 2007, the company has operations in microfinance, used commercial vehicle finance and affordable housing finance segments.It has currently established presence in over 350 locations in eight States and one Union Territory of India. The company is currently managing a Rs 2,000 crore portfolio.
Spark Capital has advised Equitas for a third consecutive round of equity fund raise, with the total quantum of primary capital raised being Rs 468 crore and aggregate transacted value (including secondaries) being Rs 575 crore, said a Spark Capital announcement.
Equitas Holdings has raised Rs 156.8 crore from CDC and FMO and Rs 41.2 crore from the company's existing investors, Microventures and International Finance Corporation (IFC). Spark Capital acted as exclusive financial advisor for the NBFC.
Established in 2007, the company has operations in microfinance, used commercial vehicle finance and affordable housing finance segments.It has currently established presence in over 350 locations in eight States and one Union Territory of India. The company is currently managing a Rs 2,000 crore portfolio.
Spark Capital has advised Equitas for a third consecutive round of equity fund raise, with the total quantum of primary capital raised being Rs 468 crore and aggregate transacted value (including secondaries) being Rs 575 crore, said a Spark Capital announcement.