Goldman Sachs' funding milestone boosts women-led businesses in India, driving job creation and economic growth through capital access, mentorship, and networking opportunities.
The funds raised will support Navi's mission to simplify access to finance, enhance its operations with robust underwriting practices, and broaden financial inclusion by providing seamless credit and exceptional customer service.
Nexus Venture Partners sold 64 lakh ISFC shares via two bulk deals on BSE, fetching INR 481.95 crore at prices between INR 752.35 and INR 753.27 per share.
The Mumbai-based brand also announced an Employee Stock Ownership Plan (ESOP) liquidity programme, offering INR 50 crore in liquidity to its employees.
IIM Bangalore, in association with Goldman Sachs, seeks to provide inclusive management training to women entrepreneurs who wish to expand their venture.