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Economic Times

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Image Credit: Economic Times

Finova Capital secures Rs 1,135 crore from Avataar Venture Partners, Sofina, Madison India others

  • Finova Capital has secured $135 million (about Rs 1,135 crore) in a fresh funding round.
  • The funding round was led by Avataar Venture Partners, Sofina, and Madison India Capital.
  • Existing investor Norwest Venture Partners also participated in the round, alongside other existing shareholders.
  • Finova Capital plans to use the funds to expand its loan book, invest in technology, and enter new markets.

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