India: Veritas Finance lands $49m funding from Kedaara, Norwest, others

India: Veritas Finance lands $49m funding from Kedaara, Norwest, others

Photo: Reuters

Chennai-based small business lender Veritas Finance Thursday announced that it has raised about $48.7 million (Rs 350 crore) in Series E funding from new investor Kedaara Capital, along with the existing investors including Norwest Venture Partners (NVP), Lok Capital Growth Fund and the family of anchor investor P Surendra Pai.

Veritas intends to use the corpus to further penetrate into existing markets to augment the capital needs of MSMEs.

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