Amount Raised
$10 Million
Round Type
Funding Round
MumbaiFinancial ServicesFinanceInvestors
Description
Small business-focused fintech Neogrowth has secured $10 million debt capital from US-based impact investor Microvest Capital Management. Last month the company had raised Rs 300 crore from a clutch of investors in debt and equity, led by a Rs 160-crore equity capital by Dutch lender FMO. The investment will help Neogrowth extend financing to small businesses while helping it get required growth capital, said the company backed by Omidyar Network, Lightrock, Khosla Impact, Accion Frontier Inclusion Fund Quona Capital, IIFL Seed Ventures Fund, WestBridge Capital, and Leapfrog Investments. Microvest is an impact investor with a 19-year history of investing in microfinance institutions and small and medium enterprises
Quick answer
NeoGrowth raised $10 Million in a Funding Round round, dated January 17, 2023. Investors: Omidyar Network. NeoGrowth is based in Mumbai, Maharashtra, India.
- How much did NeoGrowth raise?
- NeoGrowth raised $10 Million in a Funding Round round on January 17, 2023.
- Who invested in NeoGrowth?
- Omidyar Network is named as investors in this round.
- What does NeoGrowth do?
- NeoGrowth is a new-age digital lender, registered with RBI, focusing on Micro, Small, and Medium Enterprises (MSMEs).
- Where is NeoGrowth based and how big is it?
- NeoGrowth is based in Mumbai, Maharashtra, India. Fundz records about 501 employees.
- Who are the decision-makers at NeoGrowth?
- Fundz holds 1 contact at NeoGrowth, including the CFO. 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 NeoGrowth that raised within 45 days of this round, from Fundz verified event records.
- Yayati raised $610K on March 1, 2023.
- Marco raised an undisclosed amount (Funding Round) on February 27, 2023.
- DirectID raised $9.6M (Funding Round) on February 22, 2023.
- Mintoak raised $20M (Funding Round) on February 21, 2023.
- Montecito Medical Real Estate raised $50M (Funding Round) on February 21, 2023.
- Uplinq raised $600K (Seed) on February 14, 2023.
Who to call at NeoGrowth, and when
A new round usually means NeoGrowth is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day NeoGrowth raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at NeoGrowth, from your own LinkedIn network
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Related People
NeoGrowth raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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