SK Finance raises ₹400 crore from IIFL Wealth and others
SK Finance had around 220,000 active borrowers and assets worth around ₹4,100 crore under management as of 30th September. In the last seven years, its loan book has seen over 40% compounded annual growth rate
MUMBAI: Private equity (PE) firm TPG Growth-backed SK Finance Ltd, formerly Ess Kay Fincorp Ltd, has raised a ₹400-crore Series F funding round led by IIFL Wealth Management Ltd and other new investors. Incorporated in 1994, the Jaipur-based used vehicle and small business financier is backed by marquee investors such as TPG Growth, Norwest Venture Partners, Baring India, and Evolvence India Fund, which is invested in the company since 2017.