S&R Associates represented Light Microfinance in its INR 1.96 billion Series B funding round
S&R Associates represented Light Microfinance in its INR 1.96 billion Series B funding round
S&R Associates represented Light Microfinance, an RBI-registered NBFC, in its INR 1.96 billion Series B funding round led by British International Investment (UK) with participation from existing impact investors Nordic Microfinance Initiative (Norway), Triple Jump (Netherlands) and Incofin (Belgium).
Light Microfinance was founded in 2009 by Deepak Amin (MD), Rakesh Kumar (CEO) and Aviral Saini (CFO). It is headquartered in Ahmedabad and has operations across Gujarat, Rajasthan, Madhya Pradesh and Haryana. The company has been making significant investments in building its proprietary analytics platform which has already started yielding rich dividends for the company.
The company doubled its assets under management (AUM) to over ₹1300 crores and over 3 lakh customer base spread across 68 districts in 4 states.
The S&R team was led by partner Viral Mehta, and included counsel Kinnari Sanghvi and associate Vyoma Mehta.
