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funding Alert

[Funding alert] Electronica Finance Raises USD 48 Mn in Series B Funding From LeapFrog and Aavishkaar

By Viestories

Electronica Finance Limited (EFL), a provider of loans to MSMEs (Micro, Small and Medium Enterprises),  has agreed upon $48 million of new funding. The equity round was led by LeapFrog Investments with participation from Aavishkaar Capital.   Encourage Capital, a US-based responsible asset manager, is an existing investor in EFL but did not participate in this funding round.