Bangalore-based Ujjivan Financial Services, provider of a holistic range of services to poor working women in urban and semi-urban areas, plans to raise Rs <?xml:namespace prefix = v ns = “urn:schemas-microsoft-com:vml” />100 crore through fresh equity infusion by the end of this year. The existing investors may also participate in this round of funding.
Last week, the company got approval from state-run Syndicate Bank for Rs 25 crore in funding this month. The private equity investors in the company include Unitus Equity Fund, Sequoia Capital, Lok Capital, Bellwether Microfinance Fund, Michael & Susan Dell Foundation, A.W.Holdings, Elevar Equity, India Financial Inclusion Fund and SIDBI.