Navanc Raises Seed Funding to Revolutionize Secured Lending with AI-powered Property ScoreNavanc Raises Seed Funding to Revolutionize Secured Lending with AI-powered Property Score

• 
  
  Navanc,
  India’s
  first
  AI-powered
  property
  score
  and
  stack
  for
  secured
  lending
  and
  insurance,
  integrates
  advanced
  AI,
  IoT,
  and
  Blockchain
  for
  secure
  transactions.

• 
  
  The
  funds
  will
  support
  expansion
  across
  Tier
  1–4
  cities
  and
  enhance
  its
  AI
  capabilities
  with
  Generative
  AI
  and
  Computer
  Vision
  models.

• 
  
  So
  far,
  Inflection
  Point
  Ventures
  has
  invested
  over
  INR
  790
  Cr
  across
  210+
  startups.

Navanc,
a
pioneering
FinTech
startup
building
India’s
first
AI-powered
property
score
and
stack
for
secured
lending
and
insurance
practices,
has
successfully
raised
USD
1
million
in
a
seed
funding
round.
The
round
was
led
by
Prarambh
Ventures,
with
participation
from
Inflection
Point
Ventures
(IPV),
Brigade
REAP
FirstPort
Capital,
and
marquee
angel
investors

(L)
Byom
Kesh
Jha,
CT&DO,
(R)
Nagachethan
S
M,
CEO;
Co-founders,
Navanc

The
funds
will
be
directed
toward
expanding
operations
across
India,
with
a
focus
on
strengthening
Navanc’s
presence
in
urban
and
semi-urban
areas.
Additionally,
the
startup
will
bolster
its
AI
FinTech
capabilities
by
incorporating
Generative
AI
and
Computer
Vision
models
to
further
its
vision
of
becoming
India’s
first
Property
Credit
Score
and
Stack
provider.

Navanc
was
founded
by
Nagachethan
S
M,
CEO,
and
Byom
Kesh
Jha,
CT&DO,
in
2021.
With
a
strong
background
in
technology
and
finance,
Nagachethan
leads
Navanc’s
vision
and
strategy,
driving
innovation
in
the
BFSI
segment.
A
seasoned
data
science
professional,
Byom
oversees
Navanc’s
Technology
and
Data
Science,
ensuring
seamless
execution
of
its
AI
and
Tech
goals.

Mr
Mitesh
Shah,
Co-Founder,
Inflection
Point
Ventures,
says,

”Banks,
NBFCs,
HFCs
all
face
the
same
challenges
in
mortgage
and
property
assessment:
inconsistent
and
time-consuming
property
valuations,
lacking
both
transparency
and
data
to
build
trust.
By
providing
precise
&
scalable
property
valuation,
transparency
and
reliability,
Navanc
helps
every
player
in
the
industry
make
informed
decisions
based
on
real-time
assessment,
data
and
knowledge
of
legal
and
technical
aspects.
Thus
reducing
risks
for
both
lenders
and
buyers.
As
investors,
we
are
confident
in
Navanc’s
potential
to
make
property
valuation
efficient,
trustworthy
and
data-driven.”

Mr
Sreenivas
Ramarao,
from
Prarambh
Venture
opines,
“We
believe
Navanc
is
the
pioneer
in
delivering
AI
and
Digital
services
in
making
the
real
estate
transactions
faster,
cheaper,
reliable
and
more
accurate.
We
also
have
great
confidence
in
the
team
and
are
fully
confident
of
their
ability
to
deliver
user
friendly
products
in
the
space.”

“Brigade
REAP
has
played
a
key
role
in
refining
and
accelerating
growth
for
Navanc,
who
have
shown
immense
potential
in
revolutionizing
property
assessment
through
their
innovative
solutions.
Navanc’s
strengths
lie
in
its
ability
to
streamline
financial
access
for
properties
by
integrating
AI,
IoT
and
Blockchain
for
secure,
transparent
transactions,
making
it
a
transformative
player
in
the
PropTech
sector.
Our
association
with
Navanc
is
testament
to
our
commitment
to
fostering
innovation
in
the
PropTech
sector,”
commented

Abhay
Garg,
the
Head
of
Brigade
REAP.

Navanc
stands
out
as
India’s
first
FinTech
startup
to
introduce
an
AI-powered
property
score
and
stack,
specifically
designed
for
secured
lending
and
insurance
practices.
Its
comprehensive
collateral
assessment,
powered
by
cutting-edge
AI
and
ML
models,
significantly
enhances
credit
decision-making
and
portfolio
management
for
the
BFSI
industry.

Nagachethan
S
M,
CEO,
Navanc,
says,
“We’re
grateful
for
the
support
of
our
investors
and
excited
to
further
our
mission
of
revolutionizing
secured
lending
and
insurance
practices
in
India.
Our
AI-powered
solutions
are
set
to
make
property
transactions
faster,
more
transparent,
and
accessible
to
all.”

Currently
operating
across
Tiers
of
cities
in
about
6
states,
Navanc
is
focused
on
expanding
its
reach
to
all
states
under
its
Bharat
Vision.
This
strategic
move
aims
to
foster
financial
inclusion
across
India,
transforming
property
lending
and
insurance
practices
nationwide.

Since
its
inception
in
2021,
Navanc
has
developed
a
cutting-edge
data
driven
technology
stack
that
streamlines
secured
lending,
insurance,
and
property
management
practices
in
the
BFSI
sector.
Its
innovative
solutions
significantly
reduce
turnaround
time,
enhance
transparency,
and
facilitate
improved
credit
decision-making
and
portfolio
management.
The
Indian
property
lending
market
is
poised
for
exponential
growth,
with
a
rapidly
increasing
demand
for
digital
and
AI-enabled
solutions
to
facilitate
secured
transactions.

About
Navanc
Navanc,
founded
in
2021
by
Nagachethan
S
M
and
Byom
Kesh
Jha,
is
a
FinTech
innovator
developing
AI-driven
solutions
for
secured
lending
and
property
assessment
in
the
BFSI
sector.
With
a
focus
on
building
India’s
first
property
credit
score
and
AI
stack,
Navanc
is
transforming
the
way
financial
institutions
assess
and
manage
collateral.