Non-bank lender Ambit Finvest raises INR 690 crore ($83 million) from Daiwa Securities Group, parent company, and existing investors.
Non-bank lender Ambit Finvest has raised INR 690 crore ($83 million) from Japan's Daiwa Securities Group, its parent company, and existing investors. Ambit Finvest provides business loans to micro, small, and medium-sized enterprises in India and has disbursed over INR 6,000 crore worth of loans since its inception. Daiwa Securities Group will receive a minority stake for its INR 415 crore investment.
March 26, 2024
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