Deal Corner
October 30, 2024
NDA represents Sofina for its investment in the Series E Funding Round of Finova Capital Private Limited

DEAL BRIEF

Sofina Ventures SA (“Sofina”) invested in the Series E funding round of Finova Capital Private Limited (“Finova”), a leading non-banking financial company licensed by the Reserve Bank of India along with other investors such as Madison India Opportunities V VCC, Avataar Venture Partners II etc. The round size was approximately INR 1,135 crore.

Finova offers a wide range of financial products and services tailored to the unique needs of MSMEs, including working capital loans, machinery loans, business loans, and more. With more than 400 branches, Finova operates in 16 states, including Rajasthan, Madhya Pradesh, Chhattisgarh, Karnataka, Andhra Pradesh, Telangana, and Himachal Pradesh.

OUR ROLE

We at Nishith Desai Associates, acted as the transaction counsel for Sofina and advised them on legal and regulatory aspects, including negotiation and finalization of the transaction documents and closing of the round.

DEAL TEAM

Harshita Srivastava

Khyati Dalal

Palomita Sharma

MEDIA COVERAGE

https://economictimes.indiatimes.com/tech/funding/finova-capital-secures-rs-1135-crore-in-fresh-funding-from-avataar-venture-partners-sofina-madison-india-and-others/articleshow/114726362.cms?from=mdr

https://www.business-standard.com/finance/news/finova-capital-raises-135-million-to-expand-loan-book-invest-in-tech-124102901376_1.html

https://www.dealstreetasia.com/stories/finova-capital-avataar-venture-partners-sofina-madison-417652

NDA-represents-Sofina-for-its-investment-in-the-Series-E-Funding-Round-of-Finova-Capital-Private-Limited

 

Disclaimer

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We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

Research Papers

Fintech
January 28, 2025

Private Investments in India
January 27, 2025

Horizon Technologies
January 21, 2025

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Deal Corner

October 30, 2024

NDA represents Sofina for its investment in the Series E Funding Round of Finova Capital Private Limited

DEAL BRIEF

Sofina Ventures SA (“Sofina”) invested in the Series E funding round of Finova Capital Private Limited (“Finova”), a leading non-banking financial company licensed by the Reserve Bank of India along with other investors such as Madison India Opportunities V VCC, Avataar Venture Partners II etc. The round size was approximately INR 1,135 crore.

Finova offers a wide range of financial products and services tailored to the unique needs of MSMEs, including working capital loans, machinery loans, business loans, and more. With more than 400 branches, Finova operates in 16 states, including Rajasthan, Madhya Pradesh, Chhattisgarh, Karnataka, Andhra Pradesh, Telangana, and Himachal Pradesh.

OUR ROLE

We at Nishith Desai Associates, acted as the transaction counsel for Sofina and advised them on legal and regulatory aspects, including negotiation and finalization of the transaction documents and closing of the round.

DEAL TEAM

Harshita Srivastava

Khyati Dalal

Palomita Sharma

MEDIA COVERAGE

https://economictimes.indiatimes.com/tech/funding/finova-capital-secures-rs-1135-crore-in-fresh-funding-from-avataar-venture-partners-sofina-madison-india-and-others/articleshow/114726362.cms?from=mdr

https://www.business-standard.com/finance/news/finova-capital-raises-135-million-to-expand-loan-book-invest-in-tech-124102901376_1.html

https://www.dealstreetasia.com/stories/finova-capital-avataar-venture-partners-sofina-madison-417652

NDA-represents-Sofina-for-its-investment-in-the-Series-E-Funding-Round-of-Finova-Capital-Private-Limited

 

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

Research Papers

Fintech
January 28, 2025

Private Investments in India
January 27, 2025

Horizon Technologies
January 21, 2025

NDA Connect

Connect with us at events, 
conferences and seminars.