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NBFC Finova Capital Secures $135 Mn in Series E Funding

  • NBFC Finova Capital has secured $135 Mn in Series E funding from Avataar Venture Partners, Sofina, Madison India Capital, and Norwest Venture Partners.
  • The funding will be used to increase Finova Capital's loan portfolio, make technological investments, and expand its reach.
  • Finova Capital claims to have Rs 3,000 Cr in assets under management with a 5-year CAGR of above 60%.
  • Founded in 2015, Finova Capital aims at transforming credit delivery to unorganized, unreached, and unserved segments.

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