Indian NBFC Veritas Finance raises $66.3m from Norwest, Kedaara, others

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Veritas Finance Pvt. Ltd, a non-banking finance company (NBFC) focused on lending to micro, small, medium enterprise (MSME) with presence in eight states on Thursday said that it has raised Rs440 crore of primary investment through a Series F round led by existing investors Norwest Venture Partners, Kedaara Capital and Caspian with support from new investors Evolvence India Fund III Ltd and Growth Catalyst Partners LLC.

The round also includes a secondary share sale of Rs60 crore by some early investors of the company and some former employees.

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