NeoGrowth Credit Pvt.
Latest round
- Series C
Last raised
- Jan 2018
Total raised
- $63M
Investors
- 7
About NeoGrowth Credit Pvt.
NeoGrowth Credit Pvt.NeoGrowth Credit Pvt. Ltd. operates as a financial services provider focused on MSMEs in India. Founded in 2011, the company is headquartered in Mumbai, India. Piyush Khaitan, the founder, previously established other ventures before launching NeoGrowth.NeoGrowth specializes in providing financial solutions primarily to Micro, Small, and Medium Enterprises (MSMEs) across India. The company offers a range of lending products designed to accommodate the unique needs of small business owners, including both collateral-free and collateral-based loan options. These loans typically range from INR 5 Lakhs to INR 75 Lakhs, depending on the clients' business requirements and repayment capabilities. NeoGrowth utilizes a data science and technology-led approach to streamline the loan application process, allowing for quick eligibility checks, KYC verifications, and rapid loan disbursements.NeoGrowth's revenue for the most recent year, 2023, was INR 47,063,006, with an EBITDA of INR 23,701,848. By leveraging digital payment data for underwriting, NeoGrowth can offer tailored financial products that meet specific client demands. The transaction structure typically involves small business clients submitting loan applications, which are evaluated for creditworthiness using advanced data analytics.In November 2024, NeoGrowth Credit Pvt. Ltd. NeoGrowth is focused on developing new products that cater to evolving market demands and aims to launch these within the next year. Additionally, the company is strategizing to enter new geographic markets within India, although specific regions have not yet been disclosed.
Who invested in NeoGrowth Credit Pvt.
7 investors across 2 rounds
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Questions about NeoGrowth Credit Pvt.
Who invested in NeoGrowth Credit Pvt.?
NeoGrowth Credit Pvt. has 7 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has NeoGrowth Credit Pvt. raised?
NeoGrowth Credit Pvt. has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did NeoGrowth Credit Pvt. last raise money?
NeoGrowth Credit Pvt.'s most recent round on record is a Series C, in Jan 2018.
What does NeoGrowth Credit Pvt. do?
NeoGrowth Credit Pvt. is a financial services company.
Where is NeoGrowth Credit Pvt. headquartered?
NeoGrowth Credit Pvt. is headquartered in Mumbai, India.
Which VCs invest in companies like NeoGrowth Credit Pvt.?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at NeoGrowth Credit Pvt.'s stage. Their profiles are linked below.
VCs backing financial services startups at Series C
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