Mumbai, Aug. 25 -- Small-business financier Vistaar Financial Services Pvt. Ltd has raised Rs.1,360 crore from private equity firm Motilal Oswal Alternates, Singapore-headquartered impact investor ABC Impact, and others, the company said in a statement on 25 August.

The lender to micro and small enterprises said the latest round raised Rs.870 crore in primary capital and Rs.490 crore in secondary share sales.

"This investment allows us to deepen our grassroots presence, drive customer-centric innovation, product diversification, and strengthen brand positioning as we continue to create greater value for all our stakeholders," said Avijit Saha, managing director and chief executive, Vistaar Financial Services.

Founded in 2010 by Brahman...