# Avanti Finance Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avanti-finance-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.avantifinance.in
- Total disclosed funding: $53M
- Latest round: Series B (Dec 11, 2024)
- Investors on record: 10

## About

Based in Karnataka, India, and founded in 2017 by Nandan Nilekani, and Ratan Tata, Avanti Finance Private Limited, a.k.a. Avanti Finance operates as a technology-led non-bank finance company that provides an open-access digital financial platform for users and partners to create, curate and deploy the financial products. In April 2023, Avanti Finance Private Limited raised USD 24 million in a Series B funding from IDH The Sustainable Trade Initiative and Rabobank, N.A, with participation from NRJN Family Trust and Oikocredit.  As of April 2023, Rahul Gupta is the CEO of the company and employs about 65 employees. The company provides a financial inclusion platform to provide credit products to smallholder farmers in India, enabling them to build sustainable livelihoods. Avanti Finance also focuses on providing micro loans for income generation that enable sustainable livelihood creation. The company plans to use its proceeds from April 2023 funding to support platform and product improvement. In December 2024, Avanti Finance Private Limited raised INR 1.2 billion in series B funding from new investor Dia Vikas Capital, with participation from returning investors IDH The Sustainable Trade Initiative, NRJN Family Trust, and Rabobank.

## Funding rounds

- Series B, Dec 11, 2024, $14M — Rabobank, Dia Vikas Capital, NRJN Family Trust, IDH The Sustainable Trade Initiative
- Series B, Apr 3, 2023, $24M — Oikocredit, NRJN Family Trust, Rabobank, N.A, IDH The Sustainable Trade Initiative
- Series A, Oct 28, 2021, $15M — Nomura Holdings, Oikocredit, Bill & Melinda Gates Foundation, Dr K.R. Shroff Foundation
- Series A, Apr 7, 2021 — Nomura Holdings, Oikocredit, Bill & Melinda Gates Foundation, 63Ideas Infolabs Private Limited, NRJN Family Trust

## Investors

- Nomura Holdings — Series A
- Oikocredit (https://capitalatlas.ai/funds/oikocredit) — Series A, Series B
- Bill & Melinda Gates Foundation — Series A
- 63Ideas Infolabs Private Limited — Series A
- NRJN Family Trust — Series A, Series B
- Dr K.R. Shroff Foundation — Series A
- Rabobank, N.A — Series B
- IDH The Sustainable Trade Initiative — Series B
- Rabobank — Series B
- Dia Vikas Capital (https://capitalatlas.ai/funds/dia-vikas-capital) — Series B