Avanti Finance Raises $26 Mn In Series A And Debt Funding Round Co-led By Oikocredit And Nomura entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
Avanti Finance raises Rs 195cr in debt and equity
By IANS |
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Rupees.. Image Source: IANS News
Bengaluru, April 8 : Bengaluru-based Avanti Finance, a technology led non-banking financial company (NBFC), has raised $26 million (nearly Rs 195 crore) in debt and equity from Oikocredit, Nomura and the Bill and Melinda Gates Foundation.
Technopreneur cum philanthropist Pratul Shroff and existing investor NRJN Trust also participated in the round.
Avanti will use the funds to strengthen its platform and expand its presence to accelerate livelihoods purpose credit and other financial products to the next 100 million unserved and underserved households in India, the company said on Wednesday.