Finova Capital secures Rs 1,135 crore from Avataar Venture Partners, Sofina, Madison India others

The new investors join existing shareholders Peak XV Partners, Faering Capital and Maj Invest. The round provided partial exit to some of the early investors, the company said. Finova Capital leverages technology to offer credit to micro entrepreneurs and semi-skilled professionals, largely in the services sector, who have limited access to credit from formal financing institutions.
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