Investment company Maj Invest, backed by BII, resumes fundraising efforts for Namdev Finvest.
In the realm of finance, several significant developments have taken place recently. One of the most notable is the fundraising efforts of Namdev Finvest, a Jaipur-based financial services company. Founded in 2013 and backed by Danish private equity firm Maj Invest and British International Investment (BII), Namdev Finvest has accelerated its fundraising efforts to support its expansion and promote financial inclusion in India[1].
The company has initiated a new round of equity capital raise as of early July 2025[1], but specific details about the amount, number of shares, investors, timeline, or purpose of the funds raised have not been disclosed. However, the information about Namdev Finvest's equity capital raise was shared by two people familiar with the development.
Namdev Finvest's financial performance in its latest reported quarter and fiscal year (ended March 2025) is a testament to its robust operational performance. Its standalone net profit rose by 151.90% to ₹10.63 crore in Q4 2025 compared to the same quarter the previous year, while sales increased by 35.01% to ₹89.23 crore. For the full fiscal year, net profit nearly doubled (95.10% increase) to ₹40.58 crore, and sales grew by 59.64% to ₹330.40 crore. These figures indicate strong profitability and growth, underscoring investor confidence and potential for further expansion[2].
Meanwhile, other companies in the industry are also making moves. Roomstory has received a pre-seed cheque, while PE/VC transactions and M&A activity have shown a slump for the second consecutive week. Sanlayan and Vecmocon have raised Series A funding, but no additional details about these transactions have been provided.
In addition, the facility services firm CLR has raised $15 million in its Series B round, but no new location or founding information for any of the companies mentioned in this article has been provided. Similarly, Mediterrania Capital Partners has marked the final close of Fund IV, but no further details about the amount raised or the companies involved have been disclosed.
As these developments unfold, it's clear that the financial landscape in India is dynamic and full of opportunities. Namdev Finvest's fundraising efforts and strong financial performance are a testament to the potential for growth in the financial services sector, and we can expect to see more exciting developments in the months to come.
[1] Source: TechCircle [2] Source: Namdev Finvest Annual Report 2024-2025
- The private-equity backed Namdev Finvest, a Jaipur-based financial services company, has initiated a new round of equity capital raising as of early July 2025, marking an expansion in their business and promoting financial inclusion in India.
- The strength of Namdev Finvest's financial performance, with a nearly doubled net profit and increased sales compared to the previous year, demonstrates the potential for growth in the Indian financial services sector, making it an attractive field for investing.
