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TPG Growth has led a $42 million (Rs 311 crore) funding round in non-banking finance company Ess Kay Fincorp Ltd.
Existing investors Norwest Venture Partners and Evolvence India also took part in the round.
AZB & Partners acted for TGP Growth and the team was led by Partner Harsh Maggon along with Senior Associates Medha Marathe, Palak Khandelwal and Jeet Chaudhuri.
Cyril Amarchand Mangaldas advised Ess Kay Fincorp.
This is the second round of fundraising by Ess Kay this year. In January, multi-stage private investment firm Norwest had led a $32 million (Rs 200 crore) funding round in Ess Kay. PE firm BanyanTree Growth Capital had fully exited the company in that round, reported VCCircle.
Story to be updated.