Rural fintech firm Navadhan has successfully raised ₹111 crore in its Series A funding round, surpassing its initial target of ₹80 crore. The funding was led by NabVentures, the venture capital arm of NABARD, and co-led by Prime Venture Partners, with participation from LNB Group and existing investors like Varanium NexGen Fintech Fund, Gemba Capital, Faad, VC-Grid, and Anicut.
Navadhan plans to utilize the funds to expand its operations and enhance its AceN technology platform, which facilitates working capital financing for rural micro, small, and medium enterprises (MSMEs). With over ₹700 crore in debt lines available through partnerships with 25+ banks and NBFCs, the AceN platform is transforming rural lending with its hybrid brick-to-click model and proprietary tech tools.
Co-founded by Nitin Agrawal, Amit Biswal, Vijay Haswani, and Anirudh Ramakuru, Navadhan is committed to creating new wealth for rural entrepreneurs. The firm currently operates across 700 PIN codes in five states and aims to deepen its presence while diversifying its loan offerings.