Jaipur-based NBFC Finova Capital raises $15M in Series B funding

Jaipur-based NBFC Finova Capital raises $15M in Series B funding

  • 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.


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