Tech Company Financing Transactions
Navadhan Funding Round
Navadhan secured a $5 million Series A funding round on 12/6/2023. Investors included Prime Ventures, Gemba Capital and Varanium Capital Advisors.
Transaction Overview
Company Name
Announced On
12/6/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Series A
Investors
Proceeds Purpose
The new funds will be used to further enhance the company's AceN tech platform and scale up the company's distribution and service delivery model.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
803, Ecostar Building Off Aarey Road, Goregaon East
Mumbai, Maharashtra, 400063
IN
Mumbai, Maharashtra, 400063
IN
Phone
Undisclosed
Website
Email Address
Overview
Navadhan is a confluence of 'Nava' (new) and 'dhan' (wealth). We aim for 'new-wealth creation' for under-banked households by improving access to finance so that they can leverage their income generating opportunities. We intend to serve the missing middle between micro-finance and traditional SME lenders in India.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nitin Agrawal
Co-Founder
Anirudh Ramakuru
Co-Founder
Amit Ranjan
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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