Archive · 18 Jan 2026
Namdev Finvest Raises $37 Million for Expansion
Namdev Finvest, a company that gives loans to small businesses, just got $37 million from some big investors.
This money will help them give more loans to small businesses in places where banks don't usually go, like small towns and villages.
The company is happy because big, trusted investors believe in what they're doing.
They started in 2013 and help businesses that don't usually get loans from big banks.
They also got a smaller amount of money from their existing investors earlier this year.
Namdev Finvest Private Limited raised $37 million from FMO, IIX, Franklin Templeton AIF India, and Symbiotics.
The funds will be used to expand MSME lending in underserved and unbanked rural and semi-urban markets in India.
The company operates across 9 states with a focus on Tier III+ cities.
Namdev Finvest was founded in 2013 by Jitendra Tanwar and provides responsible credit to micro, small, and medium enterprises.
In March 2025, the company completed a $3 million top-up round from existing shareholder LC Nueva AIF and the promoter group.
- Who
- Namdev Finvest Private Limited, a Jaipur-based NBFC
- What
- Raised $37 million from multiple investors
- When
- January 18, 2026
- Where
- India, focusing on underserved and unbanked rural and semi-urban markets
- Why
- To expand its MSME lending franchise
- Company
- Namdev Finvest Private Limited
- Amount Raised
- $37 million (Rs 324 crore)
- Investors
- FMO, IIX, Franklin Templeton AIF India, Symbiotics
- Purpose
- Expansion of MSME lending in rural and semi-urban markets
- Founded
- 2013
- Founder
- Jitendra Tanwar
- Focus Areas
- Micro, small, and medium enterprises in Tier III+ cities