Private equity firms Sequoia Capital and Faering Capital have pumps in $35 million in Finova Capital

Both Sequoia and Faering are existing investors in the Jaipur-based lender, which lends against mortgages to customers in Rajasthan, Delhi and Madhya Pradesh through its 100-odd branches. The US-based Sequoia has invested Rs 216 crore while Aditya Parekh-led Faering put in Rs 44 crore in this round concluded Monday, people familiar with the matter said.

from Tech-Economic Times https://ift.tt/2HBrQlQ