 "Investments")
Veritas Finance Private Limited, a Chennai-based financial services firm that lends to micro and small enterprises, has raised Rs 120 crore. This includes an investment from Lok Capital and a Rs 65 crore investment from CDC Group Plc, UK’s Development Finance Institution.
Existing investors P Surendra Pai and Mrs Pai have also participated in this round.
Veritas raised its first institutional funding in April 2016 from Lok Fund II (Sarva Capital) and Caspian Impact Investment Adviser.
The fresh round of funding will bolster product innovation, expansion to newer states like Andhra Pradesh and Telangana and deepen Veritas’ presence in existing
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