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India based lender to small and mid-size businesses raised $35m in Series C funding led by Sequoia Capital India and Faering Capital.
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“The current credit gap for MSMEs (micro, small, and medium-sized enterprises) in India is estimated at US$380 billion,” said Ishaan Mittal, principal at Sequoia Capital India. Finova is trying to bridge this gap, he added.
https://www.techinasia.com/sequoia-india-leads-55m-india-online-lender-finova-capital
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