Finova Capital funding, investors and company details

Finova Capital is an emerging Banking and Finance startup from Jaipur, working in the space of Non-banking financial company (NBFC) providing secured loans to micro, small, and medium enterprises (MSMEs) across urban, semi-urban, and rural India. Founded by Mohit Sahney, Sunita Sahney.

Company: Finova Capital Private Limited
Sector: Banking and Finance
Location: Jaipur
Founders: Mohit Sahney, Sunita Sahney
Total funding raised: ₹1,628.16 Cr

Company overview

Finova Capital operates as a non-banking financial company (NBFC) providing secured loans to micro, small, and medium enterprises (MSMEs) across urban, semi-urban, and rural India. It offers products like working capital loans, machinery loans, and business loans with ticket sizes from INR 3 lakh to INR 25 lakh, focusing on unorganized and underserved segments through over 400 branches in 16 states. The Jaipur-based lender emphasizes quick approvals, technology-driven processes, and customer-centric services to support MSME growth and economic inclusion.

Funding rounds

Latest round (Series E): $ 135.00 Mn (₹1,134.81 Cr.), 2024-10-30. Investors: Avataar Ventures, Sofina and Madison India Capital, Norwest Venture Partners
Past round: $ 65.00 Mn (₹493.35 Cr.), 2022-03-31. Investors: Maj Invest, FaeringCapital