Microfinance firm Grameen Financial Services Pvt Ltd, popularly known as Grameen Koota, has raised its third round of equity funding, led by US-based Creation Investments Capital Management.

The Bangalore-based MFI raised Rs 53.2 crore ($10 million) in the new round of funding, of which Rs 37.5 crore was invested by Creation while the rest came from existing investors Incofin Investment Management and MicroVentures. Aavishkaar Goodwell India is another investor in the company.

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