NBFC Finova Capital to raise around INR 260 Cr from Sequoia, Faering Capital
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Jaipur-based Non-Banking Financial Company (NBFC) Finova Capital is raising around INR 260 Cr from existing investors Sequoia Capital India (SCI) Growth Investments and Faering Capital. The company has also received approval to allot 5,81,575 Series C CCCPS to two separate investment funds operated by Mumbai-based private equity firm Faering Capital India, aggregating to a total amount of around INR 43.19 Cr.