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Project Detail:
The transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to $4,000,000 (or its Indian rupee equivalent)with an initial investment of up to $2,500,000 (or its Indian rupee equivalent)in Revfin Services Private Limited, a company headquartered in India. The ADB Ventures Investment Fund 1 will provide the investment under the ADB Ventures Financing Partnership Facility. The balance of the approved amount may be invested as equity or equity-linked instruments in subsequent fundraising that Revfin is expected to undertake. Consistent with the established fund documents, ADB will not invest its own capital in Revfin.
Note: Please Download Project Document attached to this Project for more information.
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