• Arivihan raises $4.17M to scale AI-powered, multilingual learning across Bharat.
• Navi Finserv, led by Sachin Bansal, secures Rs 600 Cr via NCDs for digital lending.
• Sharpsell.ai raises $1.3M to boost AI-driven B2B sales enablement.
• Wah! Puchka Wah! Litti secures Rs 2 Cr to scale India's QSR street food revolution.
• Google’s AI Fund backs STAN, fueling India's social gaming and creator economy boom.

The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, and Chemical Manufacturing & Digital Entertainment. It marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, and others.

 Funding News: Navi Raises Rs 150 Crore Debt to Boost Finserv Growth

Company: Navi Finserv (subsidiary of Navi Technologies)

Founders: Sachin Bansal, Ankit Agarwal

About us: Navi Finserv is a digital-first RBI-registered NBFC that offers personal loans, home loans, and integrated financial products including mutual funds, health insurance, and UPI-based services through the Navi app. As one of India’s fastest-growing fintech companies, Navi aims to make financial services accessible and affordable through technology.

Also Read- Metaforms Raises $9Million in Series A to Supercharge AI-Driven

Founded Year: 2018

Office: Bengaluru, India

Sector: Fintech, NBFC

Funding Round: Debt Round

Investors: PhillipCapital (lead), NDX Finserve, Aarpee Group, Ambit Finvest, Grey Grass India Pvt Ltd

Navi Finserv, a wholly owned lending subsidiary of Navi Technologies, has raised Rs 150 crore ($20 million) in debt funding through private placement. The capital was secured via the issuance of 1,700 non-convertible debentures (NCDs) of Rs 10 lakh each.PhillipCapital led the round with an infusion of Rs 120 crore, while other contributors such as NDX Finserve and Aarpee Group added Rs 10 crore each, alongside other institutional backers.

The funds will be used to strengthen Navi’s lending capabilities and scale its suite of digital financial services. Navi Finserv has witnessed sharp growth, with its operating revenue rising 37% YoY to Rs 2,290 crore in FY24 and net profit jumping 17X to Rs 358.5 crore.

Website: www.navitechnologies.com