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Kogta Financial raises its first PE investment from IIFL Seed Ventures Fund I Mumbai, October 24, 2016: Kogta Financial (India) Ltd. (“KFL”), a Non-Banking Financial Company engaged in asset financing activity, today announced its first PE investment from IIFL Seed Ventures Fund I.

Commenting on the transaction,Arun Kogta, Managing Director - KFL, said “We are happy to have IIFL Seed Venture Fund I as esteemed investors on board and believe that their immense experience will act as a major catalyst in accelerating our growth plans going forward. KFLis on a rapid growth track and we are confident that this investment will bring significant value add to the Company.”

Prashasta Seth, CEO, IIFL Seed Venture Fund I said “We are excited about partnering with KFL as it embarks on agrowth journey. We believe that KFL has a strong team, robust processes and commendable execution track record. With this partnership and the infusion of capital KFL is perfectly positioned to capture the immense opportunity presented by the NBFC sector”.

About IIFL Seed Ventures Fund I IIFL Seed Ventures Fund I is a Category II AIF fund sponsored by IIFL Wealth & Asset Management. The Fund focuses on investment in early to growth stage companies in Financial Services, Consumer and Healthcare sectors and has already consummated several marquee transactions in the last 12 months. The Fund typically invests INR 15 to INR 50cr in the target company and acquires significant minority stake.

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