
[Funding alert] Jaipur-based NBFC SK Finance raises Rs 400 Cr in Series F round led by IIFL Wealth
SK Finance, a Jaipur-based NBFC, has raised Rs 400 crore (roughly $53 million) in Series F round of subsidizing from IIFL Wealth and other new financial backers. Joined in 1994 and previously known as Ess Kay Fincorp it is supported by different financial backers like TPG Growth, Norwest Venture Partners, Baring India, and Evolvence India Fund. With this capital raise, SK Finance has in total raised with regards to Rs 1,400 crore from six financial backers. SK Finance MD and CEO Rajendra Setia said, "The current venture will empower the organization to proceed with its development direction and further fortify the administrative role worked throughout the long term."