Jaipur-based 'Namdev Finvest' raises $38 million in Debt Funding
Jaipur-based MSME lender Namdev Finvest has secured $38 million in debt funding to bolster its loan portfolio and expand operations.
The funding round saw contributions from global impact investors, including Developing World Markets (DWM), Swiss fund manager BlueOrchard, and climate-focused U.S. investment firm Mirova.
DWM invested $8.25 million, while BlueOrchard contributed $13 million through two funds—BlueOrchard Microfinance Fund and the COVID-19 Emerging and Frontier Markets MSME Support Fund.
Marking its debut investment in India, Mirova injected $10 million to back Namdev’s climate-oriented lending initiatives. Expressing gratitude for the support, Jitendra Tanwar, Managing Director and CEO of Namdev Finvest, emphasized the significance of Mirova’s investment in driving climate-efficient financing. He noted that the funds would help the lender expand its focus on environmentally sustainable financial products.
Namdev Finvest currently manages assets worth approximately Rs. 1,370 crore and operates across nine states, including Rajasthan and Gujarat. The company provides financing solutions to small businesses, individuals purchasing two-wheelers, and entrepreneurs investing in livelihood-enhancing initiatives, such as e-rickshaws and solar panel installations.
The funding will enable Namdev to enhance its outreach and contribute further to financial inclusion and climate-resilient lending in India’s underserved markets.
The partnership with prominent global investors highlights the growing appeal of India’s microfinance and small business lending sector, driven by a strong emphasis on sustainability and economic empowerment.
The funding round saw contributions from global impact investors, including Developing World Markets (DWM), Swiss fund manager BlueOrchard, and climate-focused U.S. investment firm Mirova.
DWM invested $8.25 million, while BlueOrchard contributed $13 million through two funds—BlueOrchard Microfinance Fund and the COVID-19 Emerging and Frontier Markets MSME Support Fund.
Marking its debut investment in India, Mirova injected $10 million to back Namdev’s climate-oriented lending initiatives. Expressing gratitude for the support, Jitendra Tanwar, Managing Director and CEO of Namdev Finvest, emphasized the significance of Mirova’s investment in driving climate-efficient financing. He noted that the funds would help the lender expand its focus on environmentally sustainable financial products.
Namdev Finvest currently manages assets worth approximately Rs. 1,370 crore and operates across nine states, including Rajasthan and Gujarat. The company provides financing solutions to small businesses, individuals purchasing two-wheelers, and entrepreneurs investing in livelihood-enhancing initiatives, such as e-rickshaws and solar panel installations.
The funding will enable Namdev to enhance its outreach and contribute further to financial inclusion and climate-resilient lending in India’s underserved markets.
The partnership with prominent global investors highlights the growing appeal of India’s microfinance and small business lending sector, driven by a strong emphasis on sustainability and economic empowerment.
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