KKR to Acquire and Recapitalize Svakarma Finance

Source(s): VCCircle | Author(s): Ankit Agarwal

Global alternative investment manager KKR has reportedly committed USD50 million to purchase a controlling stake in and recapitalize Svakarma Finance, an India-based impact-focused non-banking financial company. Svakarma lends to micro-, small-, and medium-sized enterprises in semi-urban and rural areas.