Norwest to invest $30m in Indian SME financing platform OfBusiness

Photo: Reuters

Global venture capital and growth equity investment firm Norwest Venture Partners is investing $30 million in the Series D funding round of Gurugram-based OfBusiness, a technology-driven platform that lends to small and medium enterprises (SME).

According to the company’s filings with the Registrar of Companies (RoC) sourced by paper.vc, Norwest Venture Partners X – Mauritius has subscribed to 3,210 Series D cumulative convertible preference shares (CCPS) and 100 equity shares of OfBusiness as part of the financing.

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