The funding round saw participation from several domestic and international investors, including FMO, IIX, Franklin Templeton AIF India, and Symbiotics.
The company aims to strengthen connectivity solutions for telecom operators, enterprises, and data centers as demand for AI ready networks rises across the country.
The company plans to deploy the capital towards expanding its network of affordable private schools and integrating solar and renewable energy infrastructure in these institutions.
The fresh funds will enable Namdev Finvest to expand operations, serve underserved rural borrowers, and advance clean mobility and renewable energy initiatives, aligning with DFIs' goals of sustainability and inclusive financing.
The funding supports Euler Motors' mission to electrify India's commercial vehicle sector by scaling production, advancing next-gen EV R&D, and boosting growth of the Storm EV for logistics and e-commerce.
The raised funds will support Kreedo's working capital needs and drive its expansion, enhancing its ability to deliver innovative early education solutions.
With the fresh capital, Udaan plans to intensify its 'Micro-Market strategy,' focusing on expanding its geographical reach and deepening buyer engagement across key regions.