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Digital lending platform Finnable is set to raise Rs 250 crore (approximately $29 million) in its pre-series C round from Matrix Partners, TVS Capital, and India Nippon Electricals Limited.
According to the board resolution accessed from the Registrar of Companies (RoC), the company has passed a board resolution and allotted 3,35,238 Pre-Series C preference shares at an issue price of Rs 3,788.35 each and secured Rs 127 crore or $14.7 million.
During the first tranche of the pre-series C round of Rs 127 crore, Matrix Partners has injected Rs 125 crore,…
