Funding Alert NBFC

NBFC Namdev Finvest raises $37 Mn from FMO, IIX, others

• ByStartupStory     |    January 19, 2026

Namdev Finvest, the Jaipur-based NBFC revolutionizing rural credit for India’s underserved farmers, has secured $37 million in equity funding led by Dutch development financier FMO and impact investor IIX, with participation from existing backers like Aavishkaar Capital.

Targeting Rural Agri-Finance Gap

Founded by Namdev Dhanraj Dagar, Namdev Finvest deploys a tech-first lending model serving 1.5 million smallholder farmers across Rajasthan, UP, and Haryana with collateral-free loans averaging Rs 50,000 for crop cycles, equipment, and irrigation. Proprietary credit scoring blends satellite crop imagery, mandi price feeds, and UPI transaction data to approve loans in 15 minutes, bypassing branch-heavy PSU banks stuck in paperwork.

Debt-Lite Growth for 10X Scale

The capital strengthens Tier-2 balance sheet for asset growth from Rs 1,200 crore to Rs 10,000 crore AUM by 2028, fueling 50 new district branches and API integrations with eNAM mandis. FMO’s milestone investment signals confidence in Namdev’s 12% yield portfolio generating 24% IRR for equity while delivering 15-18% returns to rural borrowers half the market rate.

Namdev proves fintech cracks India’s $500 billion agri-credit crunch. When satellite AI funds 10 million kharif cycles annually, $37 million unlocks the rural NBFC powering farmgate prosperity across 5 lakh villages.

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