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Exclusive: SK Finance initiates funding process; existing investor may part-exit

Jaipur-based non-banking financial company (NBFC) Ess Kay Fincorp Pvt. Ltd has initiated the process of raising its second round of private equity funding that would help it tap new growth avenues, improve capital structure and provide a part-exit to the existing investor, a person close to the development told VCCircle.  The asset financing firm, which is known as SK Finance, caters to used vehicle financing, including those for commercial vehicles, multi utility vehicles, cars and three-wheelers, focusing on tier II and tier III cities in Rajasthan, Gujarat, Madhya Pradesh and Punjab.  Incorporated in 1994, Ess Kay Fincorp is a closely...

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