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.