NBFC Finova Capital Secures $135 Mn in Series E Funding

NBFC Finova Capital has raised $135 Mn in a Series E funding round from Avataar Venture Partners, Sofina and Madison India Capital, and Norwest Venture Partners.

With the new funding, Finova Capital intends to increase its loan portfolio, make technological investments, and broaden its reach.

According to their claims, it has Rs 3,000 Cr in assets under management, or a 5-year CAGR of above 60%.

About Finova Capital

Founded by Mohit Sahney and Sunita Sahney in 2015, Finova Capital is a growing company with a big vision: to transform credit delivery to unorganized, unreached & unserved segments.

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