Rural-focused lender Navadhan raises $5-M led by Prime Venture Partners

Rural-focused lending fintech Navadhan based in Mumbai has raised USD 5 million (INR 40 crore) in its pre-series A round of funding led by Prime Venture Partners. Existing investors Gemba Capital and Varanium NexGen Fintech Fund also participated in the round. Founded in 2019 by senior financial services and banking executives, the company had previously raised around USD 2.8 million over two seed rounds.