Veritas Finance gets Rs.200 crore funding from Norwest, others

Date posted: Friday 2 November 2018

Private equity (PE) firm Norwest Venture Partners has led the latest round of investment of Rs.200 crore into non-banking financial company (NBFC) Veritas Finance Pvt. Ltd.  Veritas lends to micro, small and medium enterprises (MSMEs). It began operations in 2015 and currently has 132 branches and more than 21,000 customers. Veritas proposes to use the fresh capital to deepen its presence in existing markets by enhancing lending to MSMEs for business expansion, working capital and for asset creation.

(Live Mint)