India, May 3 -- Digital lending startup Kinara Capital has raised $24.4 Mn in debt funding from Singapore-based Impact Investment Exchange (IIX) and BlueOrchard Microfinance Fund, as per the startup's regulatory filings.

The Bengaluru-based non-banking financial company (NBFC) raised $14.4 Mn (INR 120.1 Cr) by allotting debentures to IIX's Women's Livelihood Bond 6 (WLB Asset VI) for a tenor of four years in March.

Later in April, it received $10 Mn by allotting bonds to BlueOrchard Microfinance Fund for a tenor of four years, as per the filings. The startup's debt funding can go up further in the coming days.

It is pertinent to mention that the startup's board in recently passed a resolution allowing it to raise up to INR 1,300 Cr by ...