NeoGrowth
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NeoGrowth

http://www.neogrowth.in/
Last activity: 24.07.2024
Active
Categories: BusinessDataE-commerceFinTechFoodTechGroceryLoanOnlinePhysicalSales
NeoGrowth Business loans are specially created for :
i) Merchants/shops having a POS machine
ii) Online/e-commerce Sellers
iii)Distributors

NeoGrowth is a technology-enabled lending business that provides unsecured loans to small retailers in all major Indian Cities including Mumbai, Delhi and Bangalore, repaid by future card receivables, e-commerce sales and other non-cash payments. More than half of the loans made by NeoGrowth are less than INR 1 Mn each and greater than 80% of loans have been given to Proprietorship and Partnership firms. NeoGrowth combines new payment datasets, traditional scoring, dynamic repayment & automated collections to identify and serve these credit-worthy merchants. Merchants are not required to pay fixed monthly instalments, but instead make automatic repayments as a portion of their sales made with electronic card payments at the Point of Sale (card settlement). The company also offers NeoCash Online, designed exclusively for online sellers on e-commerce marketplaces and retailers selling online through independent portals.
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Website visits
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Mentions
201
Persons
4
Location: India, Maharashtra, Mumbai
Employees: 201-500
Total raised: $1.41B
Founded date: 2012

Investors 4

Funding Rounds 8

DateSeriesAmountInvestors
05.08.2023Seed$105M-
20.12.2022Series G$405M-
16.12.2022Series D$36.3M-
01.11.2022Pre-Seed$20M-
29.08.2022Seed$2M-
09.09.2021Pre-Seed$3.8M-
24.01.2018-$47.18M-
05.07.2016-$35M-

Persons 4

DateFirst NameLast NameTitleLinkedInLocation
-Harshavard...ReddyRegional C...linkedin.c...-
-TanushriYewaleSenior Man...linkedin.c...-
-YogeshNakhwaVP Operati...linkedin.c...-
-LALITKUMAR PAND...Associate ...linkedin.c...-

Mentions in press and media 201

DateTitleDescription
24.07.2024LeapFrog pushes timeline for final close of fourth consumer fundPremium Emerging markets-focused private equity firm LeapFrog Investments, a backer of Indian names like Redcliffe, BatterySmart, HealthifyMe, CarDekho, Dvara KGFS and NeoGrowth, has pushed the timeline for its latest consumer fund. The del...
29.05.2024Zomato revives lending ambitions, in talks with multiple NBFCs to give merchant loansWith over 18 million customers, Zomato has 2,47,000 average monthly active restaurant partners, growing at a CAGR of 17 percent. After pausing its lending ambitions for a few years, food delivery major Zomato is looking to revive the servic...
27.05.2024Emerging market fintech VC Quona Capital foresees robust IPO pipelineFintech investor Quona Capital, which invests in markets such as India and Southeast Asia, expects a dozen of its portfolio companies to go public over the next two and a half years. The venture capitalist, headquartered in Washington and B...
24.05.2024NeoGrowth Targets Rs 500 Crore Raise Vedanta Aluminium CEO John Slaven named IAI Vice-Chairman JK Tyre achieves record-breaking revenues and profits in FY24 JSW One Platforms achieves FY24 GMV target ...ECONOMY & POLICY NeoGrowth Targets Rs 500 Crore Raise 24 May 2024 2 Min Read CW Team NeoGrowth, a prominent digital lending platform focusing on micro, small, and medium enterprises (MSMEs), is set to raise between Rs 250 crore to Rs 50...
25.04.202447% of Indian women face challenges in getting credit: Tide report-
06.12.20234 Key Factors That Led Fintech Startup ZestMoney To Shut Down Over its lifetime, the fintech startup raised USD 140 million via investors such as Goldman Sachs, Xiaomi, Omidyar Network, and Quona Capi...-
05.12.2023Dairy fintech startup Digivriddhi raises $6 million in funding led by Omidyar NetworkETtechRagavan Venkatesan, founder and CEO, DGV Dairy fintech and marketplace platform Digivriddhi Technologies (DGV) has raised $6 million in a Series A funding round led by Omidyar Network India, the venture company said. Existing investor...
05.12.2023Dairy Fintech Startup DGV Secures $6 Mn Funding In A Round Led By Omidyar Network India Existing investors Omnivore and InfoEdge Ventures also doubled down in the round-
27.11.2023Fintech startup GrowXCD Finance raises Rs 50 crore in funding from Lok CapitaliStock GrowXCD Finance has raised Rs 50 crore in a series A funding round from Lok Capital, of which the first tranche of Rs 30 crore has been closed. The Chennai-based firm, which focuses on micro, small and medium enterprises (MSME), plan...
24.11.2023FinTech startup Peloton Technologies closes $2 million in seed financing-
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