Kinara Capital

Kinara Capital is facing a liquidity crunch after some of its lenders appropriated fixed deposits and issued loan recall notices, prompting credit rating agency ICRA to downgrade the company’s ratings.

Kinara Capital hit by NBFC stress: Breaches loan terms, plans stressed asset sale

MSME lender breached loan covenants on Rs 1,772 crore due to rising NPAs and losses, securing waivers for 38% of the debt while negotiating further relief

Fintech soonicorn Kinara Capital looks to raise $150-$200 million

Launched in 2011, the firm led by Founder & CEO Hardika Shah has raised over $500 million in capital (equity and debt), from India-based and global investors till date

Kinara Capital closes Rs 200 crore in fresh equity, led by British International Investment

"This equity investment will aim to propel Kinara Capital to grow 5x by 2025 and reach an AUM (assets under management) of Rs 6,000 crore by democratising access to formal financial inclusion with its myKinara App," the statement said.

Kinara Capital raises Rs 380 crore in equity round led by Nuveen; to disburse Rs 10,000 crore MSME loans in 3 years

Kinara Capital is a mid-sized NBFC focussing on credit to micro, small and medium enterprises.

Small business lender Kinara Capital secures $10 million from IndusInd Bank

This is part of a debt and equity round of Rs 100 crore, with equity contribution coming from Kinara’s existing investors Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and Patamar Capital, the fintech non-banking financial company said in a statement.

Kinara Capital Closes a New Round of Investment by Michael & Susan Dell Foundation, Shriram City Union Finance Ltd. and Unitus Impact Livelihoods Fund

Michael & Susan Dell Foundation and Unitus Impact Fund today announced an increase in their stake in Kinara Capital, in a new round of equity ...