Offshore Investor En route to Fund Namdev Finvest, Supported by BII Investment
Namdev Finvest, a Jaipur-based non-banking financial company (NBFC), has secured a significant investment of $20 million from FMO, the Dutch development bank [3][5]. This funding round also includes investments from existing investors British International Investment (BII) and Danish private equity firm Maj Invest.
The focus of Namdev Finvest remains on providing financial services to medium, small, and micro-enterprises (MSMEs) [2]. This investment is expected to aid in expanding the company's services to a wider range of MSMEs across India.
The exact amount of funding received from each investor, including FMO, has not been specified [4]. It's important to note that Namdev Finvest has multiple foreign institutional investors, making this funding round a collaborative effort [4].
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As of March 31, Namdev Finvest's assets under management were Rs 1,417 crore ($162 million) [6]. The company's financials and expansion plans are likely to gain momentum with this new investment.
The specific identity of the foreign institutional investor providing funding to Namdev Finvest, apart from FMO, has not been disclosed [1]. The article does not specify any prerequisites or conditions for becoming a Premium member.
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References:
- Namdev Finvest secures $20 million investment from FMO
- Namdev Finvest focuses on MSMEs
- FMO proposes $20 million investment in Namdev Finvest
- Namdev Finvest backed by multiple foreign investors
- Namdev Finvest's funding round includes FMO
- Namdev Finvest's assets under management
- Premium membership details not disclosed
- This significant investment of $20 million from FMO, as well as investing from existing partners like British International Investment (BII) and Maj Invest, is anticipated to aid Namdev Finvest in expanding their business focus, which primarily involves providing financial services to medium, small, and micro-enterprises (MSMEs), to a wider range across India.
- The collaborative effort in this funding round, involving foreign institutional investors such as FMO and undisclosed others, will likely bolster Namdev Finvest's financial position, adding to their existing assets under management of Rs 1,417 crore ($162 million), and fueling their future financial growth and expansion plans.
