Proptech player Navanc raises $1-M led by Prarambh Ventures

Bengaluru-based Navanc has raised USD 1 million in a seed round led by Prarambh Ventures. The round also saw participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital and other angel investors.Founded in 2021 by Nagachethan S M and Byomkesh Jha, Navanc provides solutions for underwriting mortgages. It is also building an asset creditworthiness platform. The firm claims to ensure secure, transparent, and reliable transactions in the proptech sector enhancing portfolio management and quality of decision making.The new funds will be used by the company for expansion across the country. The firm will also enhance its technology capabilities through generative AI and computer vision.