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Chennai based finance company raises 50 million$

A Chennai based financial company ‘Five star’ which acts as a loan provider to small and medium enterprises in and around TamiNadu raised Rs. 333 crore as a part of it equity funding. Sequoia Capital India and US-based Norwest Venture Partners invested Rs. 135 crore each for 10% stake of the Rs 1300 crore company.

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