Morgan Stanley Private Equity backed a $42.2m round for non-banking lender Kogta Financial, having previously taken part in a November 2018 round through its Asia fund.
India-based business loan provider Kogta Financial has attracted Rs 3bn ($42.2m) in a series C round co-led by investment bank Morgan Stanley’s Private Equity division, the Economic Times reported yesterday.
Private equity firm Creador co-led the round, which followed a $21.8m round featuring Morgan Stanley’s Private Equity Asia fund and IIFL Asset Management’s Seed Ventures unit in November 2018.
Kogta is a non-banking debt provider that offers loans for small and medium-sized retail enterprises in addition to financing options for…
