The investment firm plans to use the funds in increasing its footprint in the overseas market and reach out to both overseas and domestic investors. Ratan Tata had recently joined the firm’s advisory board, after which they approached 150 family offices and has received about 50% of the commitments.

This initiative aims to offer an affordable micro-credit solutions to nearly a quarter of a million families, over the next five years. During the first year, Rang De a micro-lending platform will scale up the team and increase their crowd-funding network with an additional 12,000 social investors.