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Svasti Microfinance, a start-up backed by Serum Institute of India Chief Executive Adar Poonawalla, is in talks to raise Rs 150 crore in the next financial year, said a company executive. This is likely to conclude by the third quarter of FY22, said Arunkumar Padmanabhan, co-founder of Svasti Microfinance. The company, which supports women micro entrepreneurs thorough collateral-free loans, is in talks with both India and foreign investors to raise this round, Padmanabhan said. The Reserve Bank of India-licensed firm has just raised Rs 31 crore from its existing investors Poonawalla, Nordic Microfinance Initiative, and Rajiv Dadlani Group. ....