Origo raises $6.8m from responsAbility and more updates

Date posted: Friday 13 December 2019

Gurugram-based Origo, a commodities and rural finance company, has raised about $6.8 million (Rs 48.5 crores) from Switzerland-based responsAbility Investment AG, Maanaveeya, a subsidiary of Dutch social impact investor Oikocredit, and IndusInd Bank. The funds raised will accelerate Origo’s plan of creating a robust rural financial ecosystem by increasing its distribution in rural India, the startup said in a statement. These funds will allow Origo to provide much-needed capital to agri-enterprises, both small and medium.

(Dealstreet Asia)