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. According to Avanti, the funds will be used to strengthen its deep tech platform, bolster data science, enhance product suite and expand the team to further credit operations. “The Avanti team is excited and ready to accelerate our mission. Avanti’s leadership team consists of chief product & technology officer, Lalitesh Katragadda; chief operating officer, Manish Thakkar; chief of partnerships, Sunil Kumar Tadepalli, among others.

Source: Mint October 28, 2021 14:30 UTC