Vikram Akula, founder, SKS Microfinance

Vikram Akula tells his side of the SKS story. Almost.

Vikram Akula almost did not make it to the Sankalp Summit in Mumbai last week. The founder and former chairperson of SKS Microfinance was wary of being hounded by newspersons present at the annual conference for social entrepreneurs, following his recent, highly publicised departure from the company. But he did make it, trademark cotton kurta and cue cards in place,…

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SKS IPO: Sequoia’s home run?

Update: SKS Microfinance today announced Rs 850-Rs 985 per share as the price band for its upcoming IPO, which opens on Wednesday — read the Bloomberg report. At the upper price band, it can expect to raise as much as Rs 1.65 crore (about $344 million) says the report. VCCircle reports that Sequoia Capital could make 16 times its money…

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