Oikocredit, others invest in housing finance company SEWA Grih Rin

SEWA Grih Rin Ltd, an affordable housing finance company of the Self-Employed Women’s Association (SEWA) Group, said it has raised Series B funding. The lender, operating under Sitara brand, has closed Rs 67 crore ($9.8 million at current exchange rate) funding round from Oikocredit, Omidyar Network India, HDFC Life Insurance, HDFC Holdings Ltd and Women’s World Banking. The company will be using the funds to strengthen its position in existing geographies as well as to expand strategically to other states. SEWA Grih Rin is promoted by a SEWA Mutual Benefit…

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Ola Raises Rs. 670 Crores From Ratan Tata-Backed Fund, Others

SoftBank-backed Ola has raised Rs. 670 crores ($104.4 million) in fresh funding from investors including UC-RNT Fund, a venture between the University of California and Ratan Tata. While UC-RNT Fund has pumped in Rs. 267.99 crores, another Rs. 402 crores has been infused by FO Mauritius I Ltd, according to regulatory filing by ANI Technologies – which runs Ola. However, the valuation of the company benchmarked against the fresh round of funding could not be ascertained. The said shares were allotted to the investors on March 31, 2017. An email…

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An insider’s guide to Bucharest: manele music and pastry-scented metro stops

From radical feminism to songs about student dorms, no pants subway rides to breweries in fancy hotels. Expect the unexpected, as Andreea Campeanu shows us her Bucharest Two girls taking a selfie in Herastrau Park, Bucharest. Photograph: Andreea Campeanu Cities is supported by: In five words Merdenele pastry* scented underground stations *(pastry filled with cheese or meet) Sound of the city Street musicians are always a pleasant surprise – you can meet them in underpasses, on the metro, on tiny streets or sprawling boulevards. These performers – from lonely singers…

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Crossing Asia on my bike, I met countless others out to see the world on a bicycle

From drinking tea with yak herders to battling through the mountains, exploring the world on a bicycle is an adventure like no other – and the best way of meeting the world on its own terms Cyclist Emily Chappel at a Chinese petrol station. Photograph: Emily Chappell A new grant, launched by well-known adventurer Tom Allen last week, aims to get young people exploring the world – but with a bicycle and a map, rather than a bus pass and a guidebook. And I’m not surprised. If you ask me,…

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