logo
logo

Kogta Financial raises Rs 846 cr in a funding round led by Multiples Private Equity and Canada Pension Plan Investment Board

Jun 26, 2024•about 1 year ago

Amount Raised

₹846

JaipurLendingFinanceFinancial Services

Investors

Creador IvMorgan Stanley Private Equity AsiaCanada Pension Plan Investment BoardMultiples Private Equity

Description

Rajasthan-based Kogta Financial, specializing in vehicle and MSME lending, has secured Rs 846 crore in a funding round supported by Multiples Private Equity and Canada Pension Plan Investment Board. Existing investors Morgan Stanley Private Equity Asia and Creador IV also participated in this round. The infusion of fresh funds will be used to support Kogta's ongoing expansion across products and regions, with the aim of reaching Rs 5,000 crore of Assets Under Management (AUM) in the next two years.

Company Information

Company

Kogta Financial

Location

Jaipur, Rajasthan, India

About

Kogta Financial is a Non-Banking Finance Company (NBFC) based in Rajasthan, India, focused on providing vehicle and MSME loans. It was founded in 1996 and has expanded to eight states, serving a large customer base through a network of 175 branches. The company has Assets Under Management (AUM) of over Rs 2,000 crore across commercial vehicles, passenger vehicles, tractors, and MSME loans.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People