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Showing posts with the label private equity in microfinance

SKS Microfinance: The Private Equity Story

Between March 2006 and Nov 2008, SKS Microfinance received investments of $111 million from Private Equity – the largest by any company in this sector. PE investors in the company (not including pre-IPO placements) include Unitus, Sequoia Capital India, SVB, Sandstone Capital, Vinod Khosla’s Khosla Ventures and Kismet Capital. March-2006 Unitus and Vinod Khosla invest $0.5 million each for a total stake of 30.18%. Company Valuation : $3.3 Million March-2007 Sequoia Capital India, Unitus, Vinod Khosla and Odyssey Capital invest as part of a $12 million round. Shares are issued at Rs.49.77 per share. Of this, Sequoia invests $6.2 M for 20.38% stake, while Unitus and Vinod Khosla invested $1.5 million for 4.95% each; Odyssey Capital invests $1 million for 3.35%. Company Valuation : $30.3 Million January-2008 Sequoia Capital India, SVB, Unitus, Kismet Capital and Vinod Khosla invest $23 million for a 28.86% stake. Shares were issued at Rs.70.67 per share. Of this, S...