In a Series F round of funding, SK Finance, a Jaipur-based NBFC, raised Rs 400 crore (about $53 million) from IIFL Wealth and other new investors.
TPG Growth, Norwest Venture Partners, Baring India, and Evolvence India Fund are among the investors in Ess Kay Fincorp, which was founded in 1994 and originally known as Ess Kay Fincorp.
Commercial vehicles, agriculture and construction equipment, passenger vehicles, two-wheelers, and small business loans are among the five product areas that SK Finance offers finance for.
SK Finance MD and CEO Rajendra Setia said, “The current investment will enable the company to continue its growth trajectory and further strengthen the leadership position built over the years.”