Kolkata: Kolkata based NBFC-MFI Janakalyan Financial Services Private Limited on Monday said that it has received support from Bhubaneswar based investor M/s Sun Tech City Private Limited through equity infusion. M/s Sun Tech City Pvt. Ltd. has picked up 12% stake with an undisclosed amount.
Alok Biswas, MD & CEO, Janakalyan Financial Services Private Ltd, said, “The much needed equity capital raised will be used to expand our operations in new geography and will help much-needed financial access to women micro entrepreneurs for their livelihood.”
Talking about the capital, Alok Biswas said, “Capital will be used for investment in business processes, technology and human capital to improve productivity. Invest in technology solutions including analytics and cloud based process design will help to contain operating costs and credit quality. Investment in people for technology and distribution across different verticals, will also help Janakalyan to…