Neogrowth
Company

Last deal

$9.94M
Local Amount - INR 810M

Amount

Debt Financing

Stage

17.01.2023

Date

3

all rounds

$177.01M

Total amount

date founded

Financing round

General

About Company
NeoGrowth is a digital lender for small and medium-sized retail companies in India.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2011

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

The company offers a wide range of financing services tailored to the dynamic needs of businesses across 80+ segments in 25+ cities in India, including inventory loans against future credit and debit card sales. NeoGrowth uses a data science and technology-led approach to offer quick and hassle-free loans to MSMEs, with a unique daily repayment option and multi-channel repayment modes. Since its establishment in 2011, NeoGrowth has served and engaged with over 100,000 businesses and supported their growth ambitions.
Contacts

Contact Email

Phone number

Social url

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Their latest funding was raised on 17.01.2023. Their latest investor U.S. International Development Finance Corp. Their latest round Debt Financing

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1
$9.94M
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Ganesh Rengaswamy

Ganesh Rengaswamy

Ganesh Rengaswamy brings close to two decades of entrepreneurial experience in technology, investing and financial inclusion across India, Silicon Valley and Asia. Indian by birth, Ganesh spent his formative years in Silicon Valley with Infosys and Visa, and started his investing career at Greylock Partners. Prior to Greylock, Ganesh co-founded Travelguru.com, a leading travel e-commerce player in Asia acquired by Travelocity. Prior to Quona Capital, Ganesh co-managed Lok Capital and was Asia head for Unitus Inc., two of the most successful financial inclusion investors in India and Asia. Ganesh was also a founding advisor to Accion Venture Lab and Unitus Seed Fund (USF), and he serves on the investment committee of USF. Ganesh currently serves on the board of Shubham and NeoGrowth; and has previously managed investments and partnerships with Bill Junction, Rural Shores, Vistaar, IFMR, Hippocampus and Ujjivan. Ganesh has an M.B.A. from Harvard Business School and Masters and Engineering degrees from IIM Kolkata and IIT-Varanasi, respectively. He lives in Bangalore with his parents, wife and daughter.

current job

Quona Capital
Quona Capital

organization founded

2

People

Founders
2
Piyush Khaitan
Piyush Khaitan

Piyush Khaitan

current job

Neogrowth
Neogrowth

organization founded

2

Piyush Khaitan

Dhruv Khaitan
Dhruv Khaitan

Dhruv Khaitan

current job

Neogrowth
Neogrowth

organization founded

1

Dhruv Khaitan

Employee Profiles
10
Arun Nayyar

Arun Nayyar

CEO

Giridhar Sampathkumar

Software development engineer

Piyush Khaitan

Piyush Khaitan

Co founder & MD

B. Ravi Kumar

B. Ravi Kumar

CFO

Dhruv Khaitan

Dhruv Khaitan

Co-founder

Activity

Recent News
2
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