SK Finance raised Rs1,328 crore from existing investors Norwest Venture Partners, TPG Growth, Baring Private Equity India, and new investors Motilal Oswal s MO Alternate Investment Advisors, and Duro Capital. The funds will be used for brand, distribution, technology, and people. SK Finance, founded in 1994, offers commercial vehicle loans, car loans, tractor loans, two-wheeler loans, and secured business loans. It has a presence in 12 states with 500 branches and over 9,600 employees.
American venture capital and growth equity investor Norwest Venture Partners and private equity firm TPG Growth are leading an investment of more than $100 million in an Indian financial ..