NeoGrowth
Builders in Fintech has recorded 2 equity rounds for NeoGrowth, most recently an equity and debt round of INR 850M on 9 October 2026.
Added ·
News coverage
NeoGrowth raises ₹85 crore (about $8.8M) led by FMO, with LeapFrog Investments, to expand MSME lending in India
Mumbai-based NeoGrowth has raised ₹85 crore, about $8.8 million, in a mix of equity and debt led by FMO, the Dutch entrepreneurial development bank, with…
People
Current
- Arun Nayyar — MD and CEO
- Dhruv Khaitan — Co-founder
- Piyush Khaitan — Co-founder
Funding history
INR 850M
FMOLead, LeapFrog Investments
$36.2M
FMOLead
Added · · fintech.global
Investors
Product
Business loans for small retailers and merchants in India
Lending infrastructure
Markets: India
NeoGrowth is an Indian non-bank lender that finances small businesses, especially retailers and merchants that accept digital payments. It underwrites loans using a business's card and digital transaction history rather than traditional collateral, and collects repayments in small daily or periodic instalments linked to those sales. Loans are used for working capital, stock and expansion.
Description from the company website · Source