Investment

Norwest Venture Partners Invested Rs 200 Cr in MSME Lender Veritas Finance

Veritas proposes to use the fresh capital to deepen its presence in existing markets by enhancing lending to MSMEs for business expansion, working capital and for asset creation. Veritas Finance, managing director and chief executive, D. Arulmany said, “MSMEs are the backbone of the Indian economy. Considering they are an underserved segment, they continue to need access to formal credit system.”