"Capital SFB has grown consistently since inception and holds a market leadership position in the state of Punjab. The current round of capital raise will help the bank deepen its penetration apart from expanding in Haryana, NCT Delhi and Rajasthan," said Sarvjit Singh Samra, founder & MD of Capital SFB. "We are excited at partnering with Amicus Capital, an institutional investor with significant experience in growing and scaling financial services businesses, as the bank focuses on its next leg of expansion," he added.
With the current investment, Amicus Capital- founded by Sunil Theckath Vasudevan and Mahesh Parasuraman- has done its third investment out of its first fund worth $88 mn (Rs 620 crore).
The other two investments include Rs 70 crore of equity funding into celebrity chef Sanjeev Kapoor’s cookware brand Wonderchef and Rs 60 crore of growth capital infusion into digital insurance aggregator Renewbuy.com.