Bangalore-based impact investment bank Unitus Capital has raised capital from a consortium of investors led by social venture capital firm Gray Matters Capital. The proceeds from the second round of institutional funding will be used by Unitus to expand operations in India and South-East Asia. Unitus works across sectors including microfinance, renewable energy and healthcare and education. Gray Matters Capital participated in the capital raising round through its investment firm First Light Ventures.
In 2008, Unitus Capital had raised $5.5 million (Rs. 32.8 crore). It also counts William S Price, the founding partner of PE firm TPG, and Steven Funk, founder and chairman of real estate-focused Grand Marais Investments, as its investors.
Source: Economic Times
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.