Pahal Financial Services Pvt. Ltd recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe’s impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) and a debt round from GAWA Capital’s 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).
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-plus 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’s experience of working and supporting farmers from developing countries.
This will be Huruma Fund’s second equity investment in India, demonstrating its conviction in boosting the Agri-based economic development in India and their confidence in Pahal’s team to execute this vision. Magallanes Impacto FIL managed by Magallanes Value Investors and advised by GAWA Capital – and Northern Arc Capital will be contributing equally to debt capital raised by Pahal as part of this transaction.
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