 |
| Right to Left – Vijay Haswani, Nitin Agrawal, Anirudh Ramakuru, Amit Biswal (Image - businesswireindia.com |
Navadhan Capital is an inclusive finance startup with Digital-first approach serving small-holder-farmers and small businesses in India.
The startup will use the freshly raised funds will to further build its — AceN Tech Platform, which connects rural small businesses (MSMEs) with NBFCs and Banks. It has enrolled over 2 lac customers and disbursed over Rs.100cr in partnership with 15 lenders like Ugro, Vivriti, Northern Arc, Caspian, Unitus and TruCap.
Founded in 2019, by Nitin Agrawal, Vijay Haswani, Anirudh Ramakuru and Amit Biswal, Navadhan had earlier raised pre-Seed funding of 1.37 million, in March 2021, from Anicut, Sarah Djari and Others. This was then followed by equity funding of undisclosed amount from BOPA (Base of Pyramid Asia) in November last year. Other angel investors in Navadhan include Prasanna Rao (Arya.ag), Sarah Djari (Impact Fintech PE).
To date, Navadhan has raised a cumulative funding of $16 million in equity and debt lines, partnering with NBFCs.
Navadhan is a confluence of 'Nava' (new) and 'dhan' (wealth). The startup aims to 'augment wealth creation' for under-banked households by improving access to finance so that they can leverage their income generating opportunities. Navadhan is offering its financial inclusive services to the missing middle between micro-finance and traditional SME lenders in India..
Navadhan has innovative stage-wise delivery of multiple credit products aimed at meeting varied credit needs based on their cashflows - linked to seasonality and peculiarities of micro-markets.
Advertisements