Sindhuja Microcredit, a rural-focused microfinance institution, successfully secured $5 million (approximately ₹47 crore) in a pre-Series D funding round. This financial boost attracted investments from Abler Nordic, GAWA Capital, and Oikocredit.
The financial advisory for Sindhuja Microcredit and its existing investor, Carpe Diem, was expertly handled by Antares Legal. The legal team was led by Surbhi Kothiala, a partner at the firm, and supported by associates Divyanshu Bansal and Garima Thukral.
On the other side of the transaction, VERTICES PARTNERS provided counsel to the investors. The investors, including Abler Nordic, GAWA Capital, and Oikocredit, were advised by a team led by Vikrant Anand, a partner at VERTICES PARTNERS. The team also comprised of Associate Manager Nishtha Khandelwal and Associate Lijji Anna Thomas. The strategic vision for this transaction was guided by the firm’s Founder and Managing Partner, Vinayak Burman.
The capital influx from this funding round is poised to bolster Sindhuja Microcredit’s financial foundation, enabling the institution to expand its business operations and enhance credit access for underserved communities.
For those interested in having their deals, columns, or press releases featured on Bar & Bench, further details and submission forms are available here.
