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Chennai-based non-banking finance company Mahaveer Finance has raised Rs 200 crore in an equity funding round that was led by Elevation Capital, along with participation from Banyan Tree Finance and First Bridge Capital.
This is the first venture funding round for Mahaveer Finance, which was founded in 1981 and is run by brothers Praveen and Deepak Dugar.
“With this new funding round, we want to strengthen our governance structure, grow our business and also invest in technology to increase the efficiency of our business execution,” said Praveen…
