India: Technology-led NBFC Avanti Finance raises $15m in Series A extension

Photo by Josh Appel on Unsplash

Technology-led non banking finance company (NBFC) Avanti Finance on Thursday said it has raised $ 15 million (around 111 crore) as part of its Series A extended round from existing investors Oikocredit, Nomura, The Bill & Melinda Gates Foundation, and Dr. K R Shroff Foundation.

With this round, Avanti has concluded its Series A fundraise, raising a total of $41 million in a mix of equity and debt.

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