India:
Nexus Invests In Namaste Credit
12 April 2018
Nishith Desai Associates
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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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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