January 22

Non Banking Financial Company Namdev Finvest Bags $15 Million to Ramp Up Its Offerings For MSMEs

By Sudeshna Mitra

Non banking financial company (NBFC) Namdev Finvest Private Limited on Monday (January 22) said it has raised $15 Mn (INR 124 Cr) as a part of its Series B funding round from a host of institutional investors, including British International Investment and LC Nueva AIF, with participation from existing backer Incofin India Progress Fund.

The Jaipur-based startup plans to use the fresh funds to expand its reach, strengthen product diversification and technology enhancement.

Source: Inc42 (link opens in a new window)

impact investing, MSMEs, startups, sustainable finance