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Arohan, a Kolkata-based micro-finance institution, has raised ₹60 crore from a fund managed by Tano Capital. It will use the money to grow its operations in low-income States, starting with Odisha. Aroha has close to ₹400 crore assets under management across more than 100 branches in West Bengal, Bihar, Jharkhand and Assam.
LimeRoad receives $30 million
LimeRoad, a leading scrapbooking and online social discovery platform for women, has raised $30 million in Series C financing, in a round led by Tiger Global and participation from existing investors Lightspeed Venture Partners and Matrix Partners India. With this, LimeRoad has raised $45 million in a year.
Aspada commits ₹20 cr to Inl Farms
Aspada Investment Co has committed an investment of ₹20 crore to Mumbai-based Inl Farms Pvt Ltd, which operates across fresh fruit value chains in crops such as pomegranate and banana. The company provides farm extension services for small-hold farmers coupled with post harvest management and processing for both domestic consumption and export markets. It will use the money to expand to other fruits and also spread its activities in Maharashtra, Madhya Pradesh and Gujarat.
Snapdeal buys stake in RupeePower
E-commerce marketplace Snapdeal has bought a majority stake in digital financial products distribution platform RupeePower for an undisclosed amount, in a cash-and-stock deal. RupeePower enabled ₹1,500 crore of credit disbursals through its platform during 2014-15.
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