India, Oct. 6 -- Chennai-based NBFC Veritas Finance is raising INR 440 Cr ( ~58.9 Mn) in a fresh round of funding. As per the regulatory filings accessed by Inc42, the startup will be issuing 1,33,34,467 equity shares to Norwest Venture Partners, Kedaara Capital, Growth Catalysts, Evolvence India Fund, and Caspian Impact Investment.

As per the filings, the round of funding will be co-led by Norwest Venture Partners and Kedaara Capital Fund who will be infusing INR 185 Cr respectively for 56,06,061 equity shares.

The startup intends to utilise the fresh capital to carry its NBFC business and expand its operations through geographical expansion.

The startup had last raised INR 350 Cr in its Series E round led by Kedaara Capital along wit...