Vistaar Financial Services Private Limited (Vistaar Finance), one of India’s leading MSME lending institutions, has secured a commitment for a loan up to U.S. $50mn from the U.S. government’s development finance institution, U.S. International Development Finance Corporation (DFC). Vistaar Finance was founded in 2010 when MSME lending was not very common in India. The company…
Warburg Pincus, a global private equity firm, announced that an affiliate of private equity funds managed by Warburg Pincus LLC, has entered into definitive agreements to acquire a majority stake in Vistaar Finance, an NBFC lending to MSMEs in India. Exiting shareholders would include WestBridge Capital (WestBridge), Elevar Equity (Elevar), Omidyar Network India (Omidyar) and…