Congratulations, Kinara Capital! We are thrilled that this Impact Investment Exchange Asia-backed venture successfully secured a follow-on funding! *IIX involvement* Last year, Kinara raised nearly US$1million of investment capital in the form of compulsorily convertible debentures, which will enable it to scale its business by increasing its lending activities. IIX is pleased to have been able to assist Kinara in this capital raising process through its Impact Partners (IP) platform. When Kinara approached IIX, it had already secured funding commitments from two US-based impact investors. The lead investor had performed due diligence, negotiated the terms of the investment, and committed a significant portion of the capital that Kinara needed. However, to fulfill its growth objectives, Kinara needed to raise additional capital. This is where IIX came in. IIX brought Kinara onto its IP platform, where its information was presented to the IP membership base of mission-aligned investors. IIX then arranged an investor showcase, at which Kinara, along with several other Indian social enterprises, presented their business cases to a room full of IP members. This process resulted in a number of individual investors expressing interest in joining the lead investors in Kinaras investment round. To facilitate the transaction process, IIX assisted in structuring a special purpose vehicle through which these investors aggregated their investment in Kinara, all in time for Kinara to close on the investment before the end of its fiscal year on 31 March 2013. After the investment has closed, Kinara engaged our sister company Shujog to design a social impact framework that Kinara used to track and reported on its effectiveness in realizing its mission to provide affordable financing to support the growth of MSEs in India. Find out more about our work with Kinara here: impactpartners.asiaiix/files/pdf/Kinara-v2.pdf Congratulations again, Kinara Capital! We are proud of you! #socent #socialchange #socialgood #impinv #socinv #socinn #socfin #SROI #sustainableinvesting #challenge #opportunity #overcome
Posted on: Tue, 18 Nov 2014 02:09:28 +0000
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