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Namdev Finvest, a non-banking financial company specializing in small business lending, reported significant growth in its assets under management (AUM), which nearly doubled to over Rs 1,200 crore during the fiscal year 2023-24. The Jaipur-based company witnessed a remarkable 92.62 percent increase in AUM, reaching Rs 410 crore in net worth. Operating across eight states in northwest India, Namdev Finvest expanded its presence and received funding totaling USD 41.5 million, including a recent USD 19 million investment from Maj Invest in its Pre-Series C round.

Namdev Finvest Pvt Ltd said Monday it has raised $15 million (Rs 124.6 crore) in a Series B funding round from institutional investors including British ......

While NBFC Namdev Finvest is based in Jaipur, with 80% of its business operations in Rajasthan, it is in the process of expanding operations in Gujarat, Madhya Pradesh, Delhi and Uttar Pradesh.