Serial Investor Nikhil Chandan’s Navyug Global Ventures Invests INR 160 Million in Shrinithi Capital to Foster Rural India Growth
1. The investment will enable Chennai-b ased NBFC to expand its commercial ve hicle financing and micro-lending for rur al entrepreneurs and strengthen its geo graphic footprint
2.Commits another INR 100 Million in t he first quarter of FY25 -26 to further b olster the financial lending initiatives of Shrinithi Capital.
India, 16th April, 2025, Navyug Global Ventures, the investment platform foun nded by serial investor Nikhil Chandan, has announced a strategic investment of INR 160 Million and another INR 100 Mi llion in the first quarter FY 25-26 in Shri nithi Capital Private Limited, a Chennai-based NBFC focused on commercial vec icle finance and EV Segment. With this n ew investment, Shrinithi Capital Private te Limited will accelerate its efforts in e xpanding financial access, deepening its presence in underserved regions, and dr iving impact-driven lending initiatives.
Shrinithi Capital, with its 50 plus branch es and 600 plus on-field manpower, has been enabling access to credit for rural entrepreneurs, commercial fleet operat ors, and small business owners in the U sed Vehicle Auto Segment through its g rassroots network and sector-specific fi nancial products. The new funding will s upport its geographic expansion, tech-driven lending models, and targeted fin ancing for electric mobility. Known for b acking high-impact, future-forward ent erprises, Nikhil Chandan has built a trac k record of identifying early-stage finan ncial and clean-tech opportunities that drive both economic and social outcom es. This latest investment into Shrinithi Capital reinforces Navyug’s commitmen ent to fostering inclusive, sustainable gr owth in India’s lending ecosystem.
Commenting on the investment, Mr Nik hil Chandan, MD & CEO of Navyug Glob al Ventures, said “We back teams that u nderstand the ground realities and build for scale. Shrinithi Capital stood out not just for its numbers but for its mission. T heir disciplined approach to rural lendin g and growing focus on EV finance reflec ts where the future is headed. This inves tment, much like our earlier bet on Taxi’ na in the shared mobility space, reinforc ces our commitment to backing sunrise segments that blend innovation, inclusi on, and long-term sustainability. We’re e xcited to partner with them at this pivo tal stage and contribute to a more finan cially inclusive India.”
Mr Sellamani Srinivasan, CEO & Directo r- Shrinithi Capital said “From our first d iscussions with Nikhil and the team at N avyug, it was clear that this partnership extends far beyond capital. Navyug brin gs a wealth of experience and strategic s ynergies that will help Shrinithi Capital s cale efficiently. This collaboration will e mpower us to penetrate deeper market s, access technology, and acquire new b usiness in Green Mobility, Ride hailing A uto & Taxis, and other new markets.”
About Shrinithi Capital: Shrinithi Capita l is a trusted financial partner and one of Tamil Nadu’s fastest-growing NBFCs in vehicle and equipment financing. With a strong focus on secured lending, the co mpany maintains industry-leading asset quality through conservative underwriti ng practices and a customer-first approa ch. Operating through a robust network of 58 branches across Tamil Nadu, it cat ers to underserved segments such as sm all business owners, self-employed indiv iduals, and rural customers. Backed by a leadership team with over 25 years of d omain expertise, Shrinithi Capital offers a diverse portfolio spanning Two-Wheel er Loans, Passenger and Commercial Ve hicles, Construction Equipment, Agri Lo ans, and Working Capital solutions. Wit h strategic plans to expand into service verticals like Loan Against Property and a tech-driven ecosystem enabling paper less and swift loan processing, the comp any is poised for sustained, responsible growth across geographies.
About Navyug Global Ventures: Navyug Global Ventures, led by Nikhil Chandan, is a strategic venture capital firm that pa rtners with visionary entrepreneurs buil ding the businesses of the future. As a tr ue growth catalyst, the firm goes beyon d capital—offering hands-on support, st rategic guidance, and a powerful networ ork to accelerate each venture’s journey from idea to industry leadership. Headq uartered in Chennai, Navyug Global Ven tures is driven by a strong belief in colla borative success and a founder-first phil osophy that empowers entrepreneurs t o scale with confidence and clarity.The fi rm focuses its investments on high-pote ntial startups across key sectors such as technology, fintech, electric mobility, an d FMCG, with a sharp emphasis on inno vation, impact, and long-term value crea tion. With a deep commitment to buildi ng enduring companies, Navyug Global Ventures positions itself not just as an in vestor, but as a trusted partner and succ ess catalyst—turning bold visions into la sting success stories.
