Rural fintech startup Navadhan bags investment to bridge gap between MSMEs & NBFCs
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Rural fintech startup Navadhan has bagged $1.5 Mn in a Seed round co-led by Varanium NexGen, a fintech focussed fund and existing investor Anicut Capital. Gemba Capital also participated in the round. Founded in 2019, by Nitin Agrawal, Vijay Haswani, Anirudh Ramakuru and Amit Biswal, Navadhan uses data science for its proprietary alternative underwriting model that assesses the digital footprint and cash flow surrogates.