Why smaller non-bank vehicle financiers are attracting PE-VC funding

Last month, mid-market growth capital firm Amicus Capital invested Rs 70 crore (nearly $10 million) in Berar Finance Ltd, a small non-banking finance company in Nagpur that gives out loans for buying two-wheelers. Amicus Capital and Berar Finance aren’t exceptions. Several private equity and venture capital firms have in recent years ......