VERTICES PARTNERS Navigates Navadhan Capital Through a ₹111 Crore Series A Triumph

An Expansive Investment Milestone

In a significant stride towards growth and innovation, Navadhan Capital Private Limited has successfully raised ₹111 crore through a decisive Series A fundraise. Spearheaded by NabVentures and co-led by Prime Ventures, this round has opened new avenues for an enterprising non-banking financial company poised to transform rural entrepreneurship.

Diverse Participation and Strategic Inputs

The funding round saw impressive participation, not only from LNB Group but also from a myriad of existing investors including Varanium NexGen Fintech Fund, Gemba Capital, Faad, VC-Grid, and Anicut. VERTICES PARTNERS played a crucial role in steering this financial feat, representing the lead investors with finesse. Amit Manubarwala, alongside Vishal Mehta, Nisha Dharod, and Anushka Chaturvedi, crafted a robust strategy backed by strategic guidance from Founder and Managing Partner, Vinayak Burman.

Catalysts for Tech Advancement and Business Expansion

The substantial influx of funds is expected to propel Navadhan’s business to unprecedented heights. Central to this evolution is the enhancement of the AceN tech platform—a proprietary venture that serves as a cornerstone for the company’s lending operations. With more than ₹700 crore in debt lines secured from over 25 banks and NBFCs, the platform’s API-based integrations offer streamlined, efficient lending options.

Transformative Vision Supported by Robust Foundations

Founded in 2019 by visionary leaders Nitin Agrawal, Amit Ranjan Biswal, Vijay Haswani, and Anirudh Ramakuru, Navadhan Capital has emerged as a licit NBFC under the guardianship of the Reserve Bank of India. By focusing on providing working capital finance to rural micro, small, and medium enterprises (MSMEs), it fosters empowerment through innovative financial solutions.

End-to-End Financial Solutions for Empowerment

Navadhan’s proprietary AceN platform is designed to offer a comprehensive suite of services that span customer acquisition, digital onboarding, underwriting, and seamless payments and collections. As stated in Bar and Bench, the company continues to reshape the landscape of financial lending, paving the way for a digitally enhanced future.

The recent funding milestone is not merely a financial achievement; it stands as a testament to Navadhan’s unwavering commitment to nurturing grassroots entrepreneurship across India’s rural expanse. Aided by the adept legal advice of VERTICES PARTNERS, the company is set to forge new pathways in the competitive world of financial lending.