NeoGrowth
Digital credit platform providing financial solutions to underserved small- and micro-retailers, using cash-flow/POS transaction data (rather than traditional collateral-based underwriting) to offer short-term business loans to SME and MSME merchants with daily electronic repayment collection.
NeoGrowth: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 26 Nov 2024 | Debt Financing | ₹42 Cr (~$5 Mn) | UTI International Wealth Creator 4 | source |
| 22 Jul 2024 | Debt Financing | $11.2 Mn | Symbiotics Group | source |
| 17 Jan 2023 | Debt Financing | $10 Mn | MicroVest Capital Management | source |
| 15 Dec 2022 | Series D | ₹300 Cr | FMO | source |
| 1 Nov 2022 | Debt Financing | $20 Mn | U.S. International Development Finance Corporation | source |
| 13 Sep 2019 | Debt Financing | $17 Mn | Proparco | source |
| 24 Jan 2018 | Venture Round | $47 Mn | LeapFrog Investments Accion Frontier Inclusion Fund Aspada Investment Company Quona Capital | source |
| 4 Jul 2016 | Series C | $16 Mn | IIFL Wealth Management Seed Venture Fund Aspada Investment Company Khosla Impact Omidyar Network | source |
| 4 Aug 2015 | Series C | $7 Mn | Khosla Impact Aspada Investment Company Frontier Investments Group Omidyar Network | source |
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Who founded NeoGrowth?
NeoGrowth was founded by Dhruv Khaitan, Piyush Khaitan in 2011.
How much funding has NeoGrowth raised?
NeoGrowth has raised $168.91 Mn across 9 tracked funding round(s), most recently on 2024-11-26. Figures are compiled from cited public sources.
Who are the investors in NeoGrowth?
Investors in NeoGrowth include UTI International Wealth Creator 4, Symbiotics Group, MicroVest Capital Management.
What does NeoGrowth do?
Digital credit platform providing financial solutions to underserved small- and micro-retailers, using cash-flow/POS transaction data (rather than traditional collateral-based underwriting) to offer short-term business loans to SME and MSME merchants with daily electronic repayment collection.
Where is NeoGrowth headquartered?
NeoGrowth is headquartered in Mumbai, Maharashtra, India.
What is NeoGrowth's business model?
NeoGrowth's core value proposition centers on Cash-flow based lending, no traditional collateral underwriting, Fast disbursal with daily, cash-flow-linked repayment, Small-ticket, flexible-term business loans.
How does NeoGrowth make money?
NeoGrowth's cited revenue streams include Interest income on loans, Fee and commission income.