{"id":35826,"date":"2022-04-13T10:24:09","date_gmt":"2022-04-13T04:54:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/pahal-financial-services\/"},"modified":"2022-04-13T12:09:28","modified_gmt":"2022-04-13T06:39:28","slug":"pahal-financial-services","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pahal-financial-services\/","title":{"rendered":"Pahal Financial Services Raises USD 10 Million in Equity and Debt Capital FromHuruma Fund and Magallanes Impacto FIL (Managed and Advised by GAWA Capital Respectively)"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-470454761\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Ahmedabad, Gujarat, India \u2013 Business Wire India   Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd. recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe\u2019s impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) and a debt round from GAWA Capital\u2019s advised debt vehicle (Magallanes Impacto FIL) and Northern Arc Capital. Pahal has previously raised equity capital from Dia Vikas Capital and BOPA (Base of Pyramid Asia).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3211397726\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Pahal, with a mission to deliver quality services to its customers by a range of financial and non-financial products and services, has so far touched the lives of almost a million households from marginalized communities, through their 210+ branches across its 8 states &#8211; Gujarat, Rajasthan, Madhya Pradesh, Maharashtra, Bihar, UP, Chhattisgarh and Haryana.<\/p>\n<p>  Pahal constantly strives to identify the changing needs of its existing and future customers and accordingly designs the products and services to support them. Pahal, till date has served 65,000+ borrowers for agriculture purposes and with this current investment from GAWA Capital, it is looking to boost its Agriculture and Allied Services portfolio leveraging GAWA\u2019s experience of working and supporting farmers from developing countries.<\/p>\n<p>  This will be Huruma Fund&#8217;s second equity investment in India, demonstrating its conviction in boosting the Agri-based economic development in India and their confidence in Pahal\u2019s team to execute this vision. Magallanes Impacto FIL managed by Magallanes Value Investors and advised by GAWA Capital &#8211; and Northern Arc Capital will be contributing equally to debt capital raised by Pahal as part of this transaction.<\/p><div class=\"trade-content_5\" id=\"trade-1940221837\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>  Speaking on the occasion, Mr Kartik Mehta, Co-founder and Managing Director, Pahal Financial Services, said: &#8220;Pahal was set up with a vision to serve the vulnerable sections of the society and has emerged as one of the fastest-growing microfinance institutions in India. Pahal\u2019s vision will be further emboldened by this round of investment and plans to increasingly focus on the backbone of Indian economy, Agriculture. GAWA\u2019s support is a validation of our business model and our approach to new age microlending in India.\u201d Ms. Purvi Bhavsar, Co-founder and Managing Director, Pahal Financial Services, mentioned that \u201cPahal has just crossed the AUM of INR 1000 Crs. This infusion will further strengthen Pahal\u2019s ability to innovate into a full-scale digital microfinance entity and position itself as a micro fintech entity while simultaneously expanding its product range across diverse rural and semi-urban sectors. Coupled with the recently announced regulatory changes by the Reserve Bank of India for the microfinance sector, Pahal is well poised to serve the under-served strata of the society.\u201d   Mr Luca Torre and Agustin Vitorica, Founders and Co-CEOs, GAWA Capital, said: \u201cWe are very excited to partner with Pahal and are eager to support them in their next level of growth and expansion into new geographies and products. We believe that with the help of Pahal, deeply underserved farming community in India can focus on Agriculture and increase their income and standard of living. The microfinance sector in India traditionally has not been able to serve the small farmers with ad-hoc products. We believe Pahal is ready to take the challenge and serve this untapped segment with excellent products and services.\u201d   Unitus Capital was the exclusive advisor for Pahal for this equity raise.<\/p>\n<p> About Pahal Financial Services Pvt. Ltd  Pahal is a company registered with the Reserve Bank of India as a Non-Banking Financial Company that provides microfinance services to low-income households. Mr. Kartik Mehta and Ms. Purvi Bhavsar, ex-bankers with over 50 years of combined experience, founded the company in 2011. Based in Ahmedabad, it has 210+ branches with over 1,800 employees. Currently, Pahal serves over 3,50,000 active clients, with total assets under management of over INR 1,000 Crs.<\/p>\n<p>  About Huruma Fund  Huruma Fund, launched by GAWA Capital, is the largest social impact fund in Spain. It aims at providing access to credit to farmers in poor rural areas in Latin America, the Caribbean, sub-Saharan Africa and Asia, by providing debt or equity (as well as Technical Assistance) mainly to Micro Finance Institutions. The total budget Huruma Fund is 120 million euros contributed by the European Union, FONPRODE (an instrument of the Spanish International Cooperation for Development Agency-AECID), COFIDES and private investors.<\/p>\n<p>  About GAWA Capital   Founded in 2010, GAWA Capital is the leading impact investing advisor in Spain, having mobilized over 195 million euros from public and private investors. GAWA Capital aims to improve the life of low-income communities by promoting investment in social enterprises, while providing a financial return to their investors. Since its creation, GAWA has pioneered the introduction of impact investing assets in Spain, launching three funds that invest in emerging countries focusing on inclusive market-based solutions to social problems.<\/p>\n<p>  About Magallanes Impacto FIL  Magallanes Impacto FIL is the first open ended impact investing fund in Spain managed by Magallanes Value Investors SGIIC, S.A. GAWA Capital is an investment advisor to this social impact fund that invests fundamentally in unlisted debt of social microfinance institutions that grant microcredits to disadvantaged persons in developing countries.<\/p>\n<p>   PWR PWR<\/p><div class=\"trade-content-10\" id=\"trade-1072498186\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-1958353251\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Ahmedabad, Gujarat, India \u2013 Business Wire India Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd. recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe\u2019s impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) and a debt round from GAWA Capital\u2019s advised debt vehicle (Magallanes [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-35826","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pahal Financial Services Raises USD 10 Million in Equity and Debt Capital FromHuruma Fund and Magallanes Impacto FIL (Managed and Advised by GAWA Capital Respectively) - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/pahal-financial-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pahal Financial Services Raises USD 10 Million in Equity and Debt Capital FromHuruma Fund and Magallanes Impacto FIL (Managed and Advised by GAWA Capital Respectively)\" \/>\n<meta property=\"og:description\" content=\"Ahmedabad, Gujarat, India \u2013 Business Wire India Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. 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