Veritas Finance Unicorn
Veritas Finance is a Chennai-based, retail-focused, non-deposit-taking NBFC registered with the RBI, focused on meeting the credit needs of underserved micro, small and medium enterprises (MSMEs) in India through MSME-Rural, MSME-Urban, home construction, and used commercial vehicle loans.
Veritas Finance: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 10 Sep 2024 | Internal Round | ₹240 Cr | Avendus Future Leaders Fund Evolvence India Fund III Lok Capital | source |
| 5 Jul 2023 | Series G | ₹1,200 Cr | Multiples Alternate Asset Management Avendus Future Leaders Fund International Finance Corporation (IFC) | source |
| 7 Oct 2021 | Series F | ₹440 Cr | Caspian Impact Investment Advisers Kedaara Capital Norwest Venture Partners Evolvence India Fund III Growth Catalyst Partners | source |
| 18 Mar 2020 | Series E | ₹350 Cr | Kedaara Capital Lok Capital Norwest Venture Partners P. Surendra Pai | source |
| 1 Nov 2018 | Series D | ₹200 Cr | British International Investment Caspian Impact Investment Advisers Lok Capital Norwest Venture Partners P. Surendra Pai | source |
| 1 Dec 2017 | Series B | ₹120 Cr | British International Investment Lok Capital P. Surendra Pai | source |
| 1 Apr 2016 | Seed | ₹30 Cr | Caspian Impact Investment Advisers Lok Capital | source |
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Who founded Veritas Finance?
Veritas Finance was founded by D. Arulmany in 2015.
How much funding has Veritas Finance raised?
Veritas Finance has raised $333.42 Mn across 7 tracked funding round(s), most recently on 2024-09-10. Figures are compiled from cited public sources.
Who are the investors in Veritas Finance?
Investors in Veritas Finance include Avendus Future Leaders Fund, Evolvence India Fund III, Lok Capital, Multiples Alternate Asset Management, International Finance Corporation (IFC), Caspian Impact Investment Advisers, Kedaara Capital, Norwest Venture Partners.
What does Veritas Finance do?
Veritas Finance is a Chennai-based, retail-focused, non-deposit-taking NBFC registered with the RBI, focused on meeting the credit needs of underserved micro, small and medium enterprises (MSMEs) in India through MSME-Rural, MSME-Urban, home construction, and used commercial vehicle loans.
Where is Veritas Finance headquartered?
Veritas Finance is headquartered in Chennai, Tamil Nadu, India.
What is Veritas Finance's business model?
Veritas Finance's core value proposition centers on Holistic, alternative credit assessment, Small-ticket, tailored loan products.
How does Veritas Finance make money?
Veritas Finance's cited revenue streams include Interest income — MSME-Rural & MSME-Urban loans, Interest income — Home (construction) loans, Interest income — Used commercial vehicle loans.