Navanc Raises $1M in Seed Funding to Innovate Property Lending with AI-Powered Property Score

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

The funds will support Navanc's nationwide expansion, focusing on strengthening its presence in urban and semi-urban markets. Additionally, the company plans to enhance its AI capabilities by integrating Generative AI and Computer Vision technologies to establish itself as a leader in Property Credit Score and Stack solutions.

Navanc was founded by Nagachethan S M, CEO, and Byomkesh Jha, CTO and Data Officer, 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 , Byomkesh 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. By integrating advanced technologies like AI, IoT, and Blockchain, the company ensures secure, transparent, and reliable transactions, setting a new benchmark in the PropTech sector. Its comprehensive collateral reporting, 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 statesunder its Bharat Vision. This strategic move aims to foster financial inclusion across India, transforming property lending and insurance practices nationwide.

Since its launch in 2021, Navanc has developed a technology platform that simplifies secured lending, insurance, and property aggregation in the BFSI sector. Its solutions help reduce processing time, improve transparency, and support better credit decisions and portfolio management. As demand for digital and AI-driven tools increases, Navanc aims to support the growth of the Indian property lending market.