Navyug Global Ventures invests ₹16 cr in Shrinithi Capital

The investment is expected to support the company’s commercial vehicle financing and micro-lending initiatives, particularly targeting rural India.
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Navyug Global Ventures, led by serial investor Nikhil Chandan, has announced an investment of ₹16 crore in the Chennai-based non-banking financial company (NBFC) Shrinithi Capital Private Ltd.

The investment is expected to support the company’s commercial vehicle financing and micro-lending initiatives, particularly targeting rural India.

Navyug also committed an additional ₹10 crore in the first quarter of FY 2025–26 to further strengthen Shrinithi Capital’s lending operations and push its expansion into green mobility and EV financing segments.

This collaboration will empower us to penetrate deeper markets, access technology, and acquire new business in green mobility, ride hailing auto & taxis, and other new markets, said Sellamani Srinivasan, CEO & Director- Shrinithi Capital.

According to a statement, the new funds is expected to bolster the company’s technology-driven lending infrastructure, geographic reach, and customised financial products for sectors like electric mobility.

Shrinithi Capital, which operates over 50 branches with more than 600 on-field staff, provides credit access to small business owners, commercial fleet operators, and rural entrepreneurs.

“Their disciplined approach to rural lending and growing focus on EV finance reflects where the future is headed. This investment, much like our earlier bet on Taxi’na in the shared mobility space, reinforces our commitment to backing sunrise segments,” Nikhil Chandan, MD & CEO, Navyug Global Ventures, said.

Published on April 15, 2025