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§ Private Profile · Bengaluru, Karnataka, India
Technology-driven NBFC providing micro-loans and credit for underserved rural households, focused on financial inclusion.
Avanti Finance is a Bengaluru, India-based technology-driven non-banking financial company that provides digital microloans and credit products to unbanked rural populations and smallholder farmers. The organization operates an asset-light distribution model across 24 Indian states, disbursing over 13 billion Indian rupees through 180 customized loan products. To date, the platform has served approximately 300,000 low-income households by leveraging a network of 75 local community partners and social enterprises. The firm has also established strategic agritech value chain partnerships with corporate entities like Ninjacart to facilitate hyperlocal credit delivery. The company has raised over $50 million in total disclosed equity funding, including a $24 million Series B round backed by Rabo Partnerships, IDH Farmfit Fund, Oikocredit, and NRJN Trust. Avanti Finance was founded in 2016 by Ratan Tata, Nandan Nilekani, Vijay L Kelkar, and Lalitesh Katragadda.
Avanti Finance has raised $41.0M across 2 funding rounds.
Avanti Finance has raised $41.0M in total across 2 funding rounds.
Avanti Finance has raised $41.0M in total across 2 funding rounds.
Avanti Finance's investors include Bill & Melinda Gates Foundation, Dr. K R Shroff Foundation, Nomura, Oikocredit, Samir Bhandari, Anirudh Sarda, NRJN Trust.
Avanti Finance has raised $41.0M across 2 funding rounds. Most recently, it raised $15.0M Series A Extension in October 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 28, 2021 | $15M Series A Plus | — | Bill & Melinda Gates Foundation, DR. K R Shroff Foundation, Nomura, Oikocredit | Announced |
| Apr 11, 2021 | $26M Series A | Bill & Melinda Gates Foundation, Samir Bhandari, Anirudh Sarda | NRJN Trust | Announced |