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RBI-Registered Namdev Finvest Secures $15 Million Funding In Series B round

Jan 22, 2024

Amount Raised

$15 Million

Round Type

Series B

JaipurFinancial ServicesFinanceFintechLendingBanking

Investors

LC Nueva AIFBritish International InvestmentIncofin India Progress Fund

Description

Namdev Finvest secured $15 million in its Series-B funding round, with participation from British International Investment (BII), LC Nueva AIF (LC), promoters, employees, and the continued support of existing investor Incofin India Progress Fund.

Quick answer

Namdev Finvest raised $15 Million in a Series B round, dated January 22, 2024. Investors: LC Nueva AIF, British International Investment and Incofin India Progress Fund. Namdev Finvest is based in Jaipur, Rajasthan, India.

How much did Namdev Finvest raise?
Namdev Finvest raised $15 Million in a Series B round on January 22, 2024.
Who invested in Namdev Finvest?
LC Nueva AIF, British International Investment and Incofin India Progress Fund are named as investors in this round.
What does Namdev Finvest do?
Namdev Finvest Private Ltd (Namdev) is a non-banking finance company founded in 2013 by Jitendra Tanwar.
Where is Namdev Finvest based and how big is it?
Namdev Finvest is based in Jaipur, Rajasthan, India. Fundz records about 1,121 employees.
Who are the decision-makers at Namdev Finvest?
Fundz holds 2 contacts at Namdev Finvest. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Namdev Finvest that raised within 45 days of this round, from Fundz verified event records.

  • Ensysce Biosciences raised $4.7M (Seed) on February 14, 2024.
  • FinWise Bancorp raised $5M on January 26, 2024.
  • Aye Finance raised $37M on December 13, 2023.
  • Beneficient raised $62M on March 6, 2024.
  • Harness Wealth raised $17M (Series A) on March 5, 2024.
  • Zactor Tech raised an undisclosed amount (Pre-Seed) on March 2, 2024.

Who to call at Namdev Finvest, and when

A new round usually means Namdev Finvest is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Namdev Finvest raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
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Company Information

Company

Namdev Finvest

Location

Jaipur, Rajasthan, India

About

Namdev Finvest Private Ltd (Namdev) is a non-banking finance company founded in 2013 by Jitendra Tanwar. It provides financial solutions to underserved populations in rural areas and has a presence across seven north-western Indian states. The company has recently expanded into green financing and offers financial solutions to electric vehicles (EVs) and solar loans for commercial and residential purposes.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Namdev Finvest raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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