Navadhan Capital Private Limited has raised ₹111 crore from a Series A fundraise led by NabVentures. The round was co-led by Prime Ventures and also saw participation from LNB Group, and other existing investors: Varanium NexGen Fintech Fund, Gemba Capital, Faad, VC-Grid and Anicut. VERTICES PARTNERS represented lead investors NabVentures Fund 1 and Prime Ventures (Four SB Limited) on this fundraise. The transaction team was led by Amit Manubarwala (Senior Partner), and consisted of Vishal Mehta (Partner), Nisha Dharod (Associate Manager) and Anushka Chaturvedi (Associate). Founder and Managing Partner Vinayak Burman provided strategic inputs The newly acquired funds will be utilized to fuel business growth, enhance the AceN tech platform, expand Navadhan’s footprint, and diversify its loan offerings. Currently, the AceN platform has over ₹700 crore in debt lines from more than 25 banks and NBFCs, enabling API-based integrations for streamlined lending Founded in 2019 by Nitin Agrawal, Amit Ranjan Biswal, Vijay Haswani, and Anirudh Ramakuru, Navadhan operates as a Non-Banking Financial Company (NBFC) licensed by the Reserve Bank of India. The company provides working capital financing to rural micro, small, and medium enterprises (MSMEs) through its proprietary AceN tech platform. This platform facilitates end-to-end services, including customer sourcing, digital onboarding, underwriting, payments, and collections . Source: https://www.barandbench.com/dealstreet/vertices-partners-acts-on-navadhan-capital-111-crore-series-a-fundraise