Existing shareholders include Westbridge Capital, Alever Equity, Omidyar Network India and Sama Capital. The size of the deal has not been disclosed.
Kotak Investment Banking is the exclusive financial advisor for this transaction.
Vistara Finance was founded by Brahmanand Hegde and Ramakrishna Nishtala, veterans of the financial services sector. Vistaar Finance manages an AUM of over Rs 2,600 crore.
Started operations in 2010, Bengaluru-based Vistaar Finance provides secured loans to micro, small and medium enterprises with 205 branches and over 2,100 employees in 12 states.
The company offers 100% secured loans in ticket size categories through business and housing loans and targets small businesses such as shops, small manufacturing units, power looms, kirana/general shops and home-based industries that have organized No access to funding. for development.
Brahmanand Hegde, Executive Vice President, Vistara Finance, said, “We look forward to working with Warburg Pincus to advance the vision of being a catalyst of expansion, helping the underprivileged achieve economic independence and social well-being. could.”
“We recognize that micro-enterprises in semi-urban and rural India are deprived of formal sources of credit and we believe that expansion will meet that need and be a driver for broad-based growth in those areas and communities. has potential,” said Narendra. Ostawal, Managing Director, Warburg Pincus.
Warburg Pincus LLC has more than $85 billion in assets under management.