Finova Capital has raised ₹1,135 crore ($135 million) from investors Avataar Venture Partners, Sofina Ventures SA, Madison India Capital, and Norwest Venture Partners, as well as existing investors.

VERTICES PARTNERS represented Finova Capital in this Series E fundraise.

The transaction team consisted of Vikrant Anand (Partner), Varun Kaka (Senior Associate), Anushree Pathak (Senior Associate)Vidhi Shah (Associate) and Tejas Jaiswal (Associate).

Founder and Managing Partner Vinayak Burman provided strategic inputs.

Finova Cpaital has been a long standing client of Vertices. Vertices represented Finova in its 2019, 2020 and 2022 fundraise.

Shardul Amarchand Mangaldas & Co represented Avataar Venture Partners II/Kiri Holdings with a team consisting of KS Bhargava (Partner), Manav Nagraj (Partner), Mithila Hari (Principal Associate) and Jai Mittal (Associate).

The Firm also represented Norwest Capital, LLC with a team consisted of Manita Doshi (Partner), Paavani Gupta (Senior Associate) and Pratim Majumdar (Associate).

Nishith Desai Associates represented Sofina Ventures SA with a team consisting of Nishchal Joshipura, Harshita Srivastava, Khyati Dalal and Palomita Sharma.

The Firm also represented Madison India Opportunities V VCC, MIO Strategic V LLC and MICP Trust with a team consisting of Nishchal Joshipura, Harshita Srivastava and Anirudh Arjun.

Aretha Legal represented existing investors Peak XV Partners Investments V and Peak XV Partners Growth Investments III with a team consisting of Nitin Gera (Founder Partner), Divya Jyoti Mehra (Principal Associate) and Sajal Jain (Associate).

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