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![Inc42 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::605783487.png) Inc42 [@Inc42](/creator/twitter/Inc42) on x 51.1K followers
Created: 2024-10-29 11:39:32 UTC

Jaipur-based NBFC Finova Capital has secured $XXX Mn (INR XXXXXXXX Cr) in a Series E funding round from Avataar Venture Partners, Sofina and Madison India Capital, along with existing investor Norwest Venture Partners.

According to the NBFC, the round also gave partial exit to its early backers. It counts Peak XV Partners, Faering Capital and Maj Invest among its investors.

Finova Capital plans to use the fresh capital to grow its loan book, invest in technology and expand footprint.

Founded in 2015 by Mohit Sahney and Sunita Sahney, Finova Capital is an NBFC offering MSME business loans and home loans ranging from INR X Lakh to INR XX Lakh, focused on semi-urban and rural areas.

To read the in-depth article, click here:

#news #fintech #NBFC

![](https://pbs.twimg.com/media/GbDhebEWQAAwn6E.jpg)

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**Related Topics**
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