Namdev Finvest Private Limited, a Jaipur-based Non-Banking Financial Company (NBFC), has raised $38 million in debt funding from leading Development Finance Institutions (DFIs) such as Developing World Markets (DWM), BlueOrchard-managed funds and Mirova. 

This infusion of funds will allow Namdev Finvest to expand beyond conventional lending models, focusing on underserved and unbanked communities in rural and semi-urban areas.

Notably, this marks Mirova’s inaugural investment in India, reflecting global confidence in Namdev Finvest’s strategic vision and operational strength. The investment will also support clean mobility and renewable energy projects, aligning the company’s efforts with the DFIs’ broader goals of sustainable and inclusive development.

DWM has contributed $8.25 million toward Namdev Finvest’s growth, furthering its mission to channel capital into high-impact initiatives in emerging markets. BlueOrchard Finance Ltd, a global leader in impact investing, has committed $13 million through its managed funds, BlueOrchard Microfinance Fund and COVID-19 Emerging and Frontier Markets MSME Support Fund.

Mirova, an affiliate of Natixis Investment Managers, has invested $10 million in debt through its Gigaton Fund, which focuses on renewable energy transition projects worldwide.

Jitendra Tanwar, Managing Director and CEO of Namdev Finvest, said, “We deeply value the commitment from Mirova Investments to provide dedicated resources for climate-efficient financing. This comes at the right time, as we at Namdev Finvest are increasing our participation in climate-focused products”.

Priyanka Mehrotra, Investment Director at Mirova, said, “Namdev Finvest’s model has the potential to redefine responsible financing in India. Its thematic focus on MSMEs and its innovative market vision make it a key player in transforming the energy and mobility landscape. We are thrilled to support this, our first mobility investment in India, and are confident in the immense opportunities this market offers.”

Namdev Finvest’s portfolio includes secured MSME loans, vehicle loans, solar loans, and specialised financial solutions for women entrepreneurs, underscoring its commitment to inclusive growth and social impact.