Multiples PE leads $111-mn funding round in Kogta Financial

Kogta focuses on the large and underserved used vehicle finance market and MSME loans

Kogta Financial (India) Limited (Kogta) said that Multiples Private Equity (Multiples) has signed definitive documents for leading an Rs 846 crore ($111 million) Series D round in the company, a fast-growing retail NBFC specialised in the secured retail vehicle and MSME financing space.

Canada Pension Plan Investment Board (CPP Investments) and existing investors, Morgan Stanley Private Equity Asia (Morgan Stanley), and Creador IV LP (Creador) also participated in this round. The funds will be used as primary capital to support Kogta’s continued rapid growth across products and regions and will also provide a full exit to Kogta’s first institutional investor