HomeStartupNavadhan raises $5 Mn in pre-Series A round

Navadhan raises $5 Mn in pre-Series A round

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  1. Navadhan, a rural-focussed fintech startup, secured $5 million in its pre-Series A funding round.
  2. The investment was led by Prime Venture Partners, with Gemba Capital and Varanium NexGen Fintech Fund also participating.
  3. The funds raised will primarily be utilized to enhance its technology platform AceN and expand its distribution network.
  4. Founded in 2019, Navadhan employs data science for its proprietary alternative underwriting model.
  5. This is the company’s second successful funding round in 2023, following a $1.5 million seed round earlier in June, co-led by Varanium NexGen and Anicut Capital.
SourceEntrackr

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