Jaipur, India — Jaipur-based non-banking financial company (NBFC) Namdev Finvest Private Limited has secured $37 million (approximately ₹324 crore) in fresh funding from a consortium of leading global investors including FMO, IIX, Franklin Templeton AIF India, and Symbiotics. The capital was raised through a combination of listed non-convertible debentures (NCDs) and external commercial borrowings (ECBs).
The latest fundraise marks a major milestone for Namdev Finvest, strengthening its mission to expand access to credit for micro, small, and medium enterprises (MSMEs) across India’s underserved rural and semi-urban markets.
According to the company, the funds will be strategically utilized to scale its MSME lending franchise, enhance technological infrastructure, and deepen its presence across India’s Tier III and beyond regions — areas where traditional banking services remain limited.
A Scalable and Impact-Driven Lending Model
Operating across nine Indian states, Namdev Finvest has built a scalable and secured lending model grounded in prudent risk management and strong corporate governance. The company focuses on offering responsible, collateral-backed financial products that empower small entrepreneurs and rural businesses to grow sustainably.
The NBFC has also been working towards digital transformation, leveraging data-driven credit assessment tools and streamlined loan processing systems to make financing more accessible and efficient for small business owners.
In March 2025, Namdev Finvest raised an additional $3 million (approximately ₹25 crore) in a top-up round from existing shareholder LC Nueva AIF and the promoter group, demonstrating consistent investor confidence in its growth trajectory.
Investor Confidence in Financial Inclusion
Commenting on the milestone, Jitendra Tanwar, Managing Director & CEO of Namdev Finvest Pvt. Ltd., said:
“This has been a defining year for Namdev Finvest. The trust placed in us by globally reputed institutions such as FMO, IIX, and Franklin Templeton is a strong endorsement of our governance, operating model, and long-term vision. We remain committed to creating meaningful financial inclusion by providing responsible credit to India’s underserved MSME sector.”
The latest funding round highlights the growing global interest in India’s financial inclusion ecosystem, especially in companies that combine profitability with measurable social impact.
Driving Financial Inclusion Through Responsible Credit
Founded in 2013 by Jitendra Tanwar, Namdev Finvest was established with the goal of bridging the credit gap for micro and small business owners who often lack access to formal financial institutions. The company caters primarily to unbanked and underbanked borrowers in smaller towns and rural areas, focusing on entrepreneurs who play a key role in local economic development.
Namdev’s portfolio includes secured business loans, vehicle loans, and financing solutions tailored to the needs of small traders, manufacturers, and service providers. By empowering local entrepreneurs, the company contributes to job creation, economic resilience, and sustainable growth across rural India.
Looking Ahead
With this new capital infusion, Namdev Finvest aims to broaden its loan book, strengthen its branch network, and enhance digital lending capabilities to reach more customers in emerging markets. The company’s long-term strategy revolves around sustainable growth, high governance standards, and measurable social impact.
As India’s MSME sector continues to serve as the backbone of the economy, Namdev Finvest’s focus on ethical, inclusive, and technology-led lending positions it as a key player in driving the country’s next phase of financial inclusion.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.