Stay updated with breaking news from ராஜேந்திரா செடிய. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
AZB on NBFC Ess Kay Fincorp's $45m Series E by TPG, Norwest, Evolvence - Legally India - Career Intelligence for Lawyers, Law Students legallyindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legallyindia.com Daily Mail and Mail on Sunday newspapers.
India: Non-bank lender Ess Kay Fincorp raises $46m from TPG Growth, Norwest, others Photo: Ayaneshu Bhardwaj / Unsplash.com May 13, 2021 Non-bank financier Ess Kay Fincorp Ltd on Thursday said it has raised ₹337 crore ($46 million) from a clutch of investors. Existing investors TPG Growth, Norwest Venture Partners and Evolvence, along with promoter Rajendra Setia, invested as part of this round, it said. With this investment, the company said it has raised over ₹1,000 crore ($136 million) of external capital from marquee investors. The transaction reiterates the investors’ conviction in Ess Kay’s superior execution capabilities, consistent performance and unique positioning in the significantly underpenetrated used vehicle, and small and medium enterprise (SME) finance space, the lender said in a statement. Spark Capital acted as an exclusive financial adviser to the company in relation to the transaction. ....
Ess Kay raises Rs 337 crore from existing investors, promoter SECTIONS Last Updated: May 13, 2021, 08:08 PM IST Share Synopsis Over the years, we have created a niche positioning for ourselves in the rural and semi-urban markets with deep distribution across north, west and central India, on-ground sales and collection infrastructure to cater to the underserved customer segment, strong underwriting and focus on asset quality, Setia said. Getty Images TPG Growth, Norwest Venture Partners and Evolvence are existing investors in the company and with this round, the overall capital raised from external investors has breached the Rs 1,000 crore mark. Used vehicles and small businesses-focused lender Ess Kay Fincorp on Thursday announced that it has raised Rs 337 crore from PG Growth, Norwest Venture Partners, Evolvence and promoter Rajendra Setia in a new round of funding. TPG Growth, Norwest Venture Partners and Evolvence are existing investors in the ....