Veritas Finance Private Limited has raised Rs1,050 crore from Multiples Private Equity along with its co-investors including International Finance Corporation (IFC) to expand access to capital for India’s micro, small and medium enterprises, stated a press release.
The deal comprises a primary issuance of Rs400 crore and provides a part exit to early investors, British International Investment (BII) and Lok Capital. Avendus Future Leaders Fund also participated in the transaction and invested Rs150 crore.
