Namdev Finvest Raises Rs 3.24 Billion for MSME Lending
ECONOMY & POLICY

Namdev Finvest Raises Rs 3.24 Billion for MSME Lending

Jaipur-based non-banking finance company Namdev Finvest Private has raised USD 37 million, or around Rs 3.24 billion, through a combination of listed non-convertible debentures and external commercial borrowings. The fundraise attracted participation from FMO, Impact Investment Exchange, Franklin Templeton AIF India and Symbiotics.

The capital will be deployed to expand Namdev Finvest’s MSME lending franchise across rural and semi-urban regions, with a focus on underserved and unbanked borrowers. The company said the funding would strengthen access to credit for micro, small and medium enterprises, particularly women-led ventures, youth-driven enterprises and emerging businesses in hinterland markets.

In March 2025, Namdev Finvest had completed a smaller top-up round of USD 3 million, or about Rs 0.25 billion, from existing investor LC Nueva AIF and the promoter group. That round helped strengthen the balance sheet ahead of the latest fundraise and positioned the NBFC for future growth-oriented capital raising.

Commenting on the investment, Juan Jose Dada Ortiz, Director, Financial Institutions at FMO, said the development lender’s USD 20 million commitment aligned with its focus on financial inclusion. He said the investment would support thousands of micro and small entrepreneurs, especially women-led and rural businesses, while reinforcing FMO’s commitment to reducing inequality and building a more inclusive financial ecosystem in India.

Robert Kraybill, Managing Director and Chief Investment Officer at Impact Investment Exchange, said the Women’s Livelihood Bond VII marked another step in scaling gender-lens investing across emerging markets. He noted that the bond aims to empower more than 773,000 women and girls, while mobilising capital for enterprises such as Namdev Finvest that are expanding financial inclusion for women-led MSMEs and underserved communities.

Jitendra Tanwar, Managing Director and Chief Executive Officer of Namdev Finvest, said the past year had been transformative for the company. He added that the participation of globally reputed institutions such as FMO, Impact Investment Exchange and Franklin Templeton was a strong endorsement of Namdev’s governance standards, operating model and long-term vision. According to Tanwar, these partnerships will enable the NBFC to scale responsibly, deepen its presence in rural and semi-urban India, and continue empowering MSMEs and women entrepreneurs with timely and affordable access to credit.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Jaipur-based non-banking finance company Namdev Finvest Private has raised USD 37 million, or around Rs 3.24 billion, through a combination of listed non-convertible debentures and external commercial borrowings. The fundraise attracted participation from FMO, Impact Investment Exchange, Franklin Templeton AIF India and Symbiotics. The capital will be deployed to expand Namdev Finvest’s MSME lending franchise across rural and semi-urban regions, with a focus on underserved and unbanked borrowers. The company said the funding would strengthen access to credit for micro, small and medium enterprises, particularly women-led ventures, youth-driven enterprises and emerging businesses in hinterland markets. In March 2025, Namdev Finvest had completed a smaller top-up round of USD 3 million, or about Rs 0.25 billion, from existing investor LC Nueva AIF and the promoter group. That round helped strengthen the balance sheet ahead of the latest fundraise and positioned the NBFC for future growth-oriented capital raising. Commenting on the investment, Juan Jose Dada Ortiz, Director, Financial Institutions at FMO, said the development lender’s USD 20 million commitment aligned with its focus on financial inclusion. He said the investment would support thousands of micro and small entrepreneurs, especially women-led and rural businesses, while reinforcing FMO’s commitment to reducing inequality and building a more inclusive financial ecosystem in India. Robert Kraybill, Managing Director and Chief Investment Officer at Impact Investment Exchange, said the Women’s Livelihood Bond VII marked another step in scaling gender-lens investing across emerging markets. He noted that the bond aims to empower more than 773,000 women and girls, while mobilising capital for enterprises such as Namdev Finvest that are expanding financial inclusion for women-led MSMEs and underserved communities. Jitendra Tanwar, Managing Director and Chief Executive Officer of Namdev Finvest, said the past year had been transformative for the company. He added that the participation of globally reputed institutions such as FMO, Impact Investment Exchange and Franklin Templeton was a strong endorsement of Namdev’s governance standards, operating model and long-term vision. According to Tanwar, these partnerships will enable the NBFC to scale responsibly, deepen its presence in rural and semi-urban India, and continue empowering MSMEs and women entrepreneurs with timely and affordable access to credit.

Next Story
Infrastructure Transport

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Next Story
Real Estate

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Next Story
Real Estate

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement