NBFC Kinara Capital raises Rs 100 cr from Gaja Capital, 3 other investors

Kinara Capital, a lender to small businesses in India, on Thursday announced that it has secured a funding of Rs 100 crore from private equity and impact investors — Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and Patamar Capital.

Kinara said the funding will accelerate the company's growth in both new and existing markets and help increase its investment in technology that assesses credit decisions at a faster rate. Kinara Capital has disbursed Rs 1,160 crore across more than 33,000 loans till date.

Hardika Shah, Founder and CEO of Kinara Capital, said, “We are honoured by the vote