 "Rescue financiers call for ministry's protection in insolvency proceedings")
TPG Growth, a mid-market and growth equity platform of alternative asset firm TPG, Norwest Venture Partners, a multi-stage growth investment fund and Evolvence India, a leading India focused Private Equity platform, together have led a $33 million (Rs 235 crores) equity investment in Ess Kay Fincorp, a non-bank finance company.
Ess Kay Fincorp is a differentiated NBFC primarily providing financing for income generation activity to the commercial vehicle segment and small businesses in rural and semi-urban regions across North and West India. The current round was fully subscribed by the existing investors. Additional terms of the transaction were not disclosed.
“We are
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