Multiples leads $145m round for India's Veritas Finance
Veritas Finance, an Indian non-banking finance company (NBFC) that issues loans to micro, small and medium-sized enterprises (MSMEs), has raised INR 12bn (USD 145m) in funding led by Multiples Alternate Asset Management.
Multiples and co-investors such as the International Finance Corporation (IFC) contributed INR 10.5bn. The balance came from Avendus Future Leaders Fund, an Avendus Capital-managed vehicle that focuses...
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