Jaipur-based NBFC Finova Capital raises $15M in Series B funding
Jaipur-based NBFC Finova Capital has raised $15 million in Series B funding from Faering Capital, along with participation from existing investor Sequoia Capital.� The funds are expected to be used for geographic expansion.
- Finova Capital said it has raised $15 million in Series B funding from Faering Capital with participation from existing investor Sequoia Capital.
- Finova Capital had closed its ongoing $6 million Series A round from Sequoia India in March 2018.
- The average ticket size on the platform ranges from Rs 5 lakh to Rs 6 lakh for a time period of seven years.
- He had said,“A large chunk of India's MSME market falls into the service sector.