An Indian Microfinance firm, based in Bangalore raised $19.6 million in a fourth-round of funding backed by Sequoia Capital. Ujjivan Financial Services focusing on serving urban and semi-urban poor, was also backed by funding from Lok Capital, India Financial Inclusion Fund and SIDBI. Returning shareholders include Unitus Equity Fund II, Bellwether Microfinance Fund, the Michael & Susan Dell Foundation and A.W. Holdings.

Comments