Light Microfinance secures ₹196 crore in Series B funding

Ahmedabad-based NBFC Light Microfinance has secured ₹196 crore in its Series B funding led by British International Investment (BII). The company's existing investors, Nordic Microfinance Initiative (NMI), Triple Jump and Incofin IM, also participated in the funding. CEO Rakesh Kumar stated that the company will expand its presence in north India as well as its fintech offerings.