Namdev Finvest Secures USD 38 Mn Debt Funding to Drive Sustainable Growth The fresh funds will enable Namdev Finvest to expand operations, serve underserved rural borrowers, and advance clean mobility and renewable energy initiatives, aligning with DFIs' goals of sustainability and inclusive financing.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Jitendra Tanwar, Managing Director and CEO of Namdev Finvest

Jaipur-based Non-Banking Financial Company (NBFC), Namdev Finvest Private Limited, has announced the raising of USD 38 million in debt funding from renowned Development Finance Institutions (DFIs), including Developing World Markets (DWM), BlueOrchard-managed funds, and Mirova.

DWM invested USD 8.25 million, BlueOrchard provided USD 13 million through its Microfinance Fund and COVID-19 Emerging and Frontier Markets MSME Support Fund, and Mirova allocated USD 10 million through its Gigaton Fund, marking its Indian debut to support high-impact, renewable energy, and MSME-focused projects.

This funding round will help Namdev Finvest expand its operations, focusing on underserved and unbanked borrowers in rural and semi-urban areas. It will also bolster the company's initiatives in clean mobility and renewable energy, aligning with the DFIs' objectives to promote sustainability and inclusive financing.

The latest funding takes Namdev Finvest's total capital raised to over USD 79.5 million, following previous investments from impact-driven entities such as Incofin, Lighthouse Canton Nueva Fund, British International Investment, and Maj Invest.

Jitendra Tanwar, Managing Director and CEO of Namdev Finvest, said, "We deeply value the commitment from Mirova Investments to provide dedicated resources for climate-efficient financing. This comes at the right time, as we at Namdev Finvest are increasing our participation in climate-focused products."

Priyanka Mehrotra, Investment Director at Mirova, highlighted, "We see in Namdev Finvest's model the potential for a significant shift in the paradigm of responsible financing in India. Its thematic focus and unique market vision centred on the needs of MSMEs make it a key player in transforming the energy and mobility complexes that we are delighted to support. This is our first mobility investment, and we are confident in the wealth of opportunities that this territory presents."

Namdev Finvest has maintained a robust Asset-Liability Management (ALM) structure, ensuring financial resilience even during liquidity stress. Its portfolio includes secured MSME loans, vehicle loans, solar loans, and funding for women entrepreneurs.

Founded in 2013 by first-generation entrepreneur Jitendra Tanwar, Namdev Finvest operates across nine states with a loan portfolio of approximately INR 1,370 crore. The company's mission is to drive social and economic development while expanding its offerings in climate-efficient products, positioning itself as a pioneer in sustainable financing.

By addressing the needs of underserved communities and promoting sustainability, Namdev Finvest continues to lead the charge in transforming India's financial landscape.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

HairOriginals Secures USD 5 Mn in Series A Funding to Expand Global Footprint

The fresh capital will be deployed to expand the startup's on-demand "Try at Home" services to 40 cities, bolster research and development (R&D), and establish 25–30 company-owned experience centers within the next year.

News and Trends

Dassault Systemes' Bets On Indian Startups; Says It Can Make Waves Globally

Dassault Systemes' long-term vision for the Indian startup ecosystem focuses on addressing the critical challenge of industrialization, which is a significant hurdle for startups globally, says Frédéric Vacher, head of innovation, Dassault Systèmes

Business News

Walmart Is Laying Off Hundreds, Relocating Others as the Company Closes a U.S. Office

Walmart is giving some employees at least a month to decide if they want to relocate.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Great Learning Bets on AI to Fuel its Next Phase of Growth

These AI-led innovations are expected to pave the way for quality education to become more accessible to millions of learners