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Ambit Group's NBFC arm raises $82 mn in round led by Daiwa Securities

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Lending platform Ambit Finvest Pvt. Ltd, the NBFC arm of Ambit Group, has raised $82 million in a round led by Daiwa Securities Group. The company plans to use the funds to further grow its non-banking finance business and contribute to financial inclusion in India. The partnership between Ambit and Daiwa aims to seize opportunities in the expanding Indian NBFC sector and leverage the Indo-Japan corridor. Ambit Finvest provides secured and unsecured loans to small and medium-sized enterprises in India and has been investing in branch infrastructure and technology.