About Finova Capital
Finova Capital is a company based in Jaipur (India) founded in 2015 by Sunita Sahney and Mohit Sahney. It operates as a FinTech. Finova Capital has raised $258.84 million across 9 funding rounds from investors including Bank of Baroda, Peak XV Partners and Norwest Venture Partners. The company has 4,175 employees as of January 03, 2025. Finova Capital offers products and services including MSME Business Loan, Home Loan, and Personal Loan. Finova Capital operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, among others.
- Headquarter Jaipur, India
- Employees 4175 as on 03 Jan, 2025
- Founders Sunita Sahney, Mohit Sahney
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Finova Capital Pvt. Ltd.
- Date of Incorporation 24 Sep, 2015
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$12.51 M (USD)112.37as on Mar 31, 2020
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Net Profit
$1.54 M (USD)60.84as on Mar 31, 2020
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EBITDA
$5.61 M (USD)68.54as on Mar 31, 2020
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Total Equity Funding
$258.84 M (USD)
in 9 rounds
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Latest Funding Round
$135 M (USD), Series E
Oct 10, 2024
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Investors
Bank of Baroda
& 14 more
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Employee Count
4175
as on Jan 03, 2025
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Products & Services of Finova Capital
Finova Capital offers a comprehensive portfolio of products and services, including MSME Business Loan, Home Loan, and Personal Loan.
Loans for MSMEs are provided with easy processing.
Home loans are offered with simple, hassle-free processes.
Personal loans are provided with fast, smooth processing.
People of Finova Capital
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Funding Insights of Finova Capital
Finova Capital has successfully raised a total of $258.84M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $135 million completed in October 2024. 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.
Investors in Finova Capital
Finova Capital has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bank of Baroda, Peak XV Partners and Norwest Venture Partners.
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Investment in growth-stage B2B and SaaS companies is facilitated through strategic support and funding.
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Investment firm focusing on equity investments in business services, consumer, financial services, healthcare, and technology sectors.
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Venture capital investments are provided by Sofina to emerging companies.
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Investor details for Finova Capital
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Investments & Acquisitions by Finova Capital
Investment portfolio details for Finova Capital
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Financial Statements - Finova Capital
Detailed financials for Finova Capital
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Finova Capital Comparisons
Peer comparison for Finova Capital
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Competitors of Finova Capital
Finova Capital 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 Manappuram Finance, L & T Finance Holdings, Bajaj Finserv, IIFL Finance and Hero Fincorp, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Consumer and SME loans are provided by Manappuram Finance.
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Diversified lending services are provided as a non-banking financial institution.
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Financial solutions including loans and insurance are offered.
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Online gold, home, personal, and business loans are provided.
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2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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Consumer and SME loans are provided by Mahindra Finance.
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Detailed competitors of Finova Capital
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Latest news on Finova Capital
Complete news archive for Finova Capital
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Frequently Asked Questions about Finova Capital
Finova Capital was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Finova Capital is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
Mohit Sahney is the current CEO of Finova Capital. They have also founded this company.
Finova Capital is a funded company, having raised a total of $258.84M across 9 funding rounds to date.
As of Jan 03, 2025, the latest employee count at Finova Capital is 4,175.
Annual revenue of Finova Capital is $12.51M as on Mar 31, 2020.
Finova Capital, a leading non-banking financial company (NBFC) licensed by the Reserve Bank of India, is focused on empowering micro, small, and medium enterprises (MSMEs) across India. Financial products such as business loans, home loans, and personal loans are offered to support unorganized and underserved segments. Operating in 16 states with over 400 branches, innovative technology and efficient processes are utilized to ensure quick access to funds. The mission to revolutionize credit delivery and contribute to economic growth is driven by core values of integrity and customer-centricity.
Finova Capital's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Finova Capital offers MSME Business Loan, Home Loan, and Personal Loan.
Finova Capital has 15 investors. Key investors include Bank of Baroda, Peak XV Partners, Norwest Venture Partners, Avataar Ventures, and Faering Capital.
The valuation of Finova Capital is $375.66M as of Mar 2022.