Ratan Tata, Nilekani co-founded Avanti Finance raises ₹195 crore

Avanti Finance, a technology-led non-banking finance company, has raised $26 million (₹195 crore) in Series A and debt round. The round saw participation from Oikocredit, Nomura, the Bill & Melinda Gates Foundation and existing investor NRJN Trust. Avanti Finance was co-founded by Tata Sons Chairman Emeritus Ratan Tata and Infosys Co-founder Nandan Nilekani.

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