Navanc Raises $1M Seed Funding For Secured Lending 

Gurugram, December 11, 2024: FinTech startup Navanc has successfully raised $1m in a seed funding round. The round was led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors.

The funds will be directed toward expanding operations across India, with a focus on strengthening Navanc’s presence in urban and semi-urban areas. Additionally, the startup will bolster its AI FinTech capabilities by incorporating Generative AI and Computer Vision models to further its vision of becoming India’s first Property Credit Score and Stack provider.

Co-founder of Inflection Point Ventures Mitesh Shah said, “Banks, NBFCs, HFCs all face a lack of both transparency and data. By providing precise and scalable property valuation, transparency and reliability, Navanc helps make informed decisions.”