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NBFC Finova Capital Nets $135 Mn To Expand Loan Book

  • Jaipur-based NBFC Finova Capital has raised $135 Mn in a Series E funding round.
  • The funding round included participation from Avataar Venture Partners, Sofina, Madison India Capital, and existing investor Norwest Venture Partners.
  • Finova Capital plans to utilize the funds to expand its loan book, invest in technology, and expand its market presence.
  • Founded in 2015, Finova Capital offers MSME business loans and home loans in semi-urban and rural areas.

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