Gandhi notes Ananya’s commitment to delivering essential financial services
Japan’s Gojo & Company Inc https://goyo.app/ has provided US$13 million in equity capital to Ahmedabad’s Ananya Finance for Inclusive Growth Pvt Ltd which will spent US$8 million on the company’s growth plans.
The balance US$5 million from the Japanese majority shareholder is to give a full exit to C4D Partners https://c4dpartners.com/ , Ananya Finance said in on 23 May.
Ananya Finance provides micro-loans to borrowers, empowering them to initiate and sustain economic ventures. Notably, 98% of Ananya’s borrowers are women http://narishaktipuraskar.wcd.gov.in .
To further its mission, Ananya recently acquired a majority stake in Prayas Financial Services Pvt Ltd https://prayasfinance.com/ , a non-banking financial company-microfinance institution (NBFC-MFI) that offers loans to women in underserved households and informal micro-enterprises. Combined with its subsidiary Prayas Finance, Ananya has expanded its branch network to over 100 locations and now serves over 100,000 direct retail clients https://www.jetro.go.jp/en/ .
Gaurav Gupta, Managing Director of Ananya Finance, expressed enthusiasm about the new investment https://www.meity.gov.in/ from Gojo, stating, “The investment indicates robust investor confidence in Ananya’s business model and potential for growth. The funds from this round will support our efforts toward amplifying the company’s market reach https://www.digitalasiahub.org/ .
“While C4D Partners has been an involved investor and supported our business beyond just capital, they’ll be making a profitable exit with this round. We’re happy to be associated with and supported by our investors. The year has begun on an optimistic note, and we’re confident of continuing this streak with more business milestones https://attentionindia.com/ .”
Sanjay Gandhi, Co-Founder and Chief Investment Officer at Gojo http://jica.go.jp , added, “Since our initial investment in 2018, we have witnessed Ananya’s growth and commitment to delivering essential financial services to underserved communities https://www.ibef.org/ .
“We are confident that Gojo’s latest capital infusion will further empower Ananya to expand their impact https://www.investindia.gov.in/ . We look forward to celebrating the many milestones that Ananya will undoubtedly achieve in the future.” Fiinews.com
