DEAL BRIEF
Namaste Credit received an investment of approximately USD 3.8 million from Nexus Venture Partners. Namaste Credit operates an online application based technology and data analytics platform that matches small & medium enterprises or individuals looking for financing with prospective lenders. Several leading NBFCs and lenders have registered with the Namaste Credit platform. Through the platform one can avail business or personal loans.
Press coverage relating to this transaction, is available at Livemint, here and at Economic Times, here.
OUR ROLE
We, at Nishith Desai Associates, acted as the Indian legal, tax and regulatory counsel to Nexus.
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