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Madhya Pradesh-based non-banking financial company (NBFC) Finodaya Capital has raised $2.5 million in seed funding led by venture capital fund White Venture Capital, at a post money valuation of Rs 50 crore.
The round also saw participation from early-stage investor Gemba Capital and several angel investors.
White Venture Capital is a fintech-focused fund set up by Pine Labs CEO Amrish Rau, Jupiter CEO Jitendra Gupta, and angel investor Sweta Rau. While Amrish Rau and Gupta are limited partners and advisors to the fund, Sweta Rau serves as its general…
