India-based investor IIFL Private Wealth Management and financial services-focused venture capital firm Quona Capital have led a financing round for India-based loan provider NeoGrowth. Other investors included philanthropic investment firm Omidyar Network, India-focused investment firm Aspada Investment Advisors and impact investor Khosla Impact Fund. Quona Capital structured its contribution through the Accion Frontier Inclusion Fund. NeoGrowth has raised US$35 million of equity to date, with a significant portion raised in the current round. NeoGrowth will use the new capital to build its loan book and invest in technology, brand and distribution. Financial details of the transaction were not disclosed.