Navanc, a growing fintech startup has raised $1 million in a seed funding round led by Prarambh Ventures, with support from Inflection Point Ventures (IPV), Brigade REAP, FirstPort Capital, and prominent angel investors.
The funds will be used to expand the company’s operations across India, with a focus on strengthening its presence in urban and semi-urban areas.
The company also plans to enhance its AI capabilities by integrating advanced tools like Generative AI and Computer Vision.
About Navanc:
Navanc was founded by Nagachethan S M and Byomkesh Jha, in 2021. This Bengaluru-based startup has developed an AI-powered property score and stack to support secured lending and insurance processes.
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By using advanced technologies like AI, IoT, and Blockchain,it ensures secure, transparent, and efficient transactions in the property tech sector.
The company’s innovative collateral reporting, driven by AI and machine learning, helps financial institutions make better credit decisions and manage portfolios more effectively.
Currently active in cities across six states, Navanc aims to expand nationwide under its “Bharat Vision” initiative.
