Navadhan funding, investors and company details

Navadhan is an emerging Financial Services - Fintech - Lending startup from Mumbai, working in the space of Rural fintech / financial services (fintech NBFC). Founded by Nitin Agrawal, Amit Biswal, Vijay Haswani, Anirudh Ramakuru.

Company: Navadhan Capital Private Limited
Sector: Financial Services - Fintech - Lending
Location: Mumbai
Founders: Nitin Agrawal, Amit Biswal, Vijay Haswani, Anirudh Ramakuru
Total funding raised: ₹41.6 Cr

Company overview

Navadhan is an Indian rural-focused fintech and financial services company dedicated to augmenting wealth creation for under-banked households and small businesses by improving their access to credit and financial services. The name “Navadhan” comes from Sanskrit — “Nava” meaning “new” and “dhan” meaning “wealth,” reflecting the company’s mission to help rural and semi-urban micro, small, and medium enterprises (MSMEs) and households access tailored financing that traditional banks and microfinance institutions often don’t provide. It operates a proprietary technology platform called AceN, which offers end-to-end digital capabilities including customer sourcing, digital onboarding, alternative credit underwriting, payments, servicing and collections, and connects these underserved segments with banks and NBFCs for working capital and other loan products. Navadhan also holds an RBI-registered NBFC license and uses a hybrid “brick-to-click” model that combines on-ground customer fulfillment with digital workflows to drive financial inclusion and empower rural entrepreneurs

Funding rounds

Latest round (Pre Series A): $ 5.00 Mn (₹41.60 Cr.), 2023-12-06. Investors: Prime Venture Partners, Gemba Capital, Varanium NexGen Fund