Warburg Pincus Leads US$74 Million Series E Round for Fusion Microfinance (Asia)
Posted On: 04 Dec 2018 | Source(s): VCCircle
Global private equity fund manager Warburg Pincus has led a Series E financing round of INR5.2 billion (approximately US$74 million) for India-based microlender Fusion Microfinance. Previous backer Creation Investments Capital Management also participated in the round, which included both a primary infusion and a secondary sale by early-stage investors. Impact investor Incofin Investment Management and development finance institutions Norwegian Microfinance Initiative (MNI), BIO and the Small Industries Development Bank of India have reportedly exited the company.