Citi Venture Capital International has backed Janalakhsmi Financial Services, which counts the Michael and Susan Dell Foundation among its investors.
An investment unit of Citigroup entered the latest round backing Janalakhsmi Financial Services (JFS), a Bangalore-based microfinance company, helping it reportedly raise more than $14m.
Citi Venture Capital International (CVCI) joined the Series C round alongside existing investors in the company, Janalakhsmi said in a statement, although this did not disclose the amount raised. The round was worth 650m rupees ($14.4m), according to news provider Reuters, taking the amount raised in the company’s history to slightly more than 1bn…
