About Finnov
Finnov is a company based in Gurugram (India) founded in 2017. It operates as a B2B. Finnov has raised $145 million across 2 funding rounds from investors including Newquest, Motilal Oswal Private Equity and Alpine Capital Advisors. Finnov operates in a competitive market with competitors including Vivriti Capital, Market Finance India, InstaKash, ConnectingDot and Capsurge, among others.
- Headquarter Gurugram, India
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Finnov Softwares Services Private Limited
- Date of Incorporation 27 Apr, 2017
- Jurisdiction Gurugram, Haryana, India
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Annual Revenue
$70.82 K (USD)63.12as on Mar 31, 2021
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Net Profit
$9.53 K (USD)112.74as on Mar 31, 2021
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EBITDA
$14.35 K (USD)119.35as on Mar 31, 2021
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Total Equity Funding
$145 M (USD)
in 2 rounds
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Latest Funding Round
$70 M (USD), Series C
Mar 22, 2021
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Investors
Newquest
& 2 more
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Employee Count
Employee Count
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Funding Insights of Finnov
Finnov has successfully raised a total of $145M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $70 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $70.0M
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First Round
First Round
(15 Feb 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series C - Finnov | Valuation | Newquest , Motilal Oswal Private Equity |
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| Feb, 2021 | Amount | Series C - Finnov | Valuation | Alpine Capital Advisors |
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Investors in Finnov
Finnov has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Newquest, Motilal Oswal Private Equity and Alpine Capital Advisors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity secondary market investments are managed diversely.
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Founded Year | Domain | Location | |
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Private equity investment firm focused on growth stage companies
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Founded Year | Domain | Location | |
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Placement and advisory services for capital raising are provided.
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Founded Year | Domain | Location |
Investments & Acquisitions by Finnov
Financial Statements - Finnov
Finnov Comparisons
Competitors of Finnov
Finnov operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vivriti Capital, Market Finance India, InstaKash, ConnectingDot and Capsurge, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Debt financing solutions are provided to mid-market enterprises.
|
|
| domain | founded_year | HQ Location |
Operates a digital marketplace for business term loans to facilitate easy access.
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| domain | founded_year | HQ Location |
Provides lending services for small and medium businesses, including term loans and automobile financing.
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| domain | founded_year | HQ Location |
Operates a marketplace platform for SME lending services.
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| domain | founded_year | HQ Location |
Operates a digital platform providing lending solutions for small and medium enterprises.
|
Frequently Asked Questions about Finnov
Finnov was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Finnov is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Finnov is a funded company, having raised a total of $145M across 2 funding rounds to date. The company's 1st funding round was a Series C of $75M, raised on Feb 15, 2021.
Annual revenue of Finnov is $70.82K as on Mar 31, 2021.
Finnov operates with a B2B model, focusing on offering financial products and advice, fintech, facilitating loans and financing, and business loans. Operates a digital marketplace for business loans to facilitate financing. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Finnov's top competitors include Vivriti Capital, Market Finance India and InstaKash.
Finnov has 3 investors. Key investors include Newquest, Motilal Oswal Private Equity, and Alpine Capital Advisors.