SK Finance, a Jaipur-based NBFC, has raised Rs 400 crore (approximately $53 million) in Series F round of funding from IIFL Wealth and other new investors.
Incorporated in 1994 and formerly known as Ess Kay Fincorp it is backed by other investors such as TPG Growth, Norwest Venture Partners, Baring India, and Evolvence India Fund.
With this capital raise, SK Finance has cumulatively raised about Rs 1,400 crore from six investors.
The current investment will enable the company to continue its growth trajectory and further strengthen the leadership position built over the years.