Navyug Global Ventures, the investment platform founded by serial investor Nikhil Chandan has announced an investment of ₹16 crore in Shrinithi Capital, a Chennai-based NBFC focused on commercial vehicle finance and EV segment.
The funds will be used to expand financial access, deepening its presence in underserved regions, and driving impact-driven lending initiatives. The funds will be also used for geographic expansion, tech-driven lending models, and targeted financing for electric mobility.
Navyug also committed an additional ₹10 crore in the first quarter of FY 2025–26 to further strengthen Shrinithi Capital’s lending operations and push its expansion into green mobility and EV financing segments.
Nikhil Chandan, MD & CEO of Navyug Global Ventures, said, “We back teams that understand the ground realities and build for scale. Shrinithi Capital stood out not just for its numbers but for its mission. Their disciplined approach to rural lending and growing focus on EV finance reflects where the future is headed. This investment, much like our earlier bet on Taxi’na in the shared mobility space, reinforces our commitment to backing sunrise segments that blend innovation, inclusion, and long-term sustainability. We’re excited to partner with them at this pivotal stage and contribute to a more financially inclusive India.”
Sellamani Srinivasan, CEO & Director- Shrinithi Capital said, “From our first discussions with Nikhil and the team at Navyug, it was clear that this partnership extends far beyond capital. Navyug brings a wealth of experience and strategic synergies that will help Shrinithi Capital scale efficiently. This collaboration will empower us to penetrate deeper markets, access technology, and acquire new business in Green Mobility, Ride hailing Auto & Taxis, and other new markets.”
