VC Fund Investments
NBFC Avanti Finance raises $15-M from Oikocredit, Nomura, others
Bengaluru-based non-banking finance company (NBFC) Avanti Finance has raised USD 15 million (about INR 111 crore) in Series A2 from existing investors Oikocredit, Nomura, the Bill & Melinda Gates Foundation and Dr KR Shroff Foundation. With this, it has completed its Series A and debt funding round, raising a total of USD 41 million (INR 306 crore). Avanti will use the funds to strengthen its deep tech platform, bolster data science, enhance its product suite and expand the team. The NBFC offers trust-based loans without a formal credit footprint.
From the Venture Intelligence PE-VC Deal Database: Between Aug-16 and Apr-21, Avanti Finance raised funding from Gates Foundation, Nandan Nilekani, Oikocredit, Nomura Holdings and Ratan Tata.
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