Norwest Venture Partners

Norwest Venture Partners, established in 1961, is a global venture capital and growth equity firm based in Palo Alto, California. With nearly $5 billion under management, the firm invests in early to late-stage companies across various sectors, including technology, business services, financial services, consumer products, and healthcare. Norwest focuses on providing capital and operational support to help CEOs and founders scale their businesses, with typical investments ranging from $10 million to $50 million, and sometimes up to $100 million for growth equity companies. The firm has invested in over 600 companies and currently partners with over 140 active companies across its portfolio.

Mohammad Abbas

Investor

Robert Abbott

Partner

Bayan Alizadeh

Investor

Gal Amran

Investor

Lauren Beauchamp

Vice President

Scott Beechuk

Partner

Katie Belding

Partner, Portfolio Services

Kurt Betcher

Administrative Partner, Portfolio Services

Jordan Booker

Investor

Laura Boyd

Principal, Head of Mergers Acquisitions and Capital Markets

Yoni Braun

Vice President

Shiv Chaudhary

Managing Director, Norwest India

Priti Youssef Choksi

Partner

Casper De Clercq

General Partner

Nathan Cohen

Vice President

Ran Ding

Partner

Matthew De Dominicis

Administrative Partner and CFO

Philip Fleischman

Vice President

David Glaser

Investor

Anubha Goyal

Investor, Norwest India

Ken Graham

Investor

Aidan Greenstein

Investor

Guillermo Grimaldo

Investor

Garrett Hardesty

Investor

Ryan Harris

General Partner

Sean Jacobsohn

Partner

Trey Jennings

Senior Associate

Krish Kapadia

Vice President

Sameer Kapur

Vice President, Growth Equity

Paul Kigawa

Investor

Nikhil Kookada

Vice President

Parul Laddha

Investor, Norwest India

Jordan Leites

Vice President

Sam Lesser

Investor

Sonia Li

Associate

Charles Li

Associate

Brian Matesic

Principal

Cassie McHenry

Investor

JP McKeever

Investor

John McNeil

Investor

Scott Mitchell

Principal

Venkat Mohan

Operating Partner and Board Member

Brian Moon

Senior Associate

Dror Nahumi

General Partner

Michelle Nie

Investor

Ginny Pan

Investor

Connor Pike

Principal, Growth Equity

Ankit Prasad

Vice President

Irem Rami

Principal, Growth Equity and Venture

Ashwin Ravi

Associate

David Rudnitsky

Principal and CRO Operating Executive, Portfolio Services

Gabrielle Rush

Investor

Samuel Saldarriaga

Investor

Umang Sanghvi

Investor, Norwest India

Zack Scott

General Partner

Christopher Scullin

Vice President

Suraj Shah

Vice President

Niren Shah

Managing Director and Head of Norwest India

Chris Sondej

Principal, Growth Equity

Gabe Stauber

Associate

Laurie Tennant

Principal, People Advisory

Matthew Uthupan

Investor

Sanchana Vasikaran

Investor

Vidushi Verma

Investor, Norwest India

Lisa Wu

Partner

Jessica Yi

Vice President

Edward Yip

Partner

Michael Zarian

Investor

Justin Zhang

Investor

David Zilberman

General Partner

Dave Zilberman

General Partner

Past deals in Lending

Finova Capital

Series E in 2024
Finova Capital is a non-banking financial company that specializes in providing loans to micro and small businesses, particularly those overlooked by traditional banking institutions. The company aims to enhance financial accessibility by offering personalized financing options that include detailed insights into loan structures and payment plans. By focusing on transparency and reasonable costs, Finova Capital enables micro-to-medium-sized enterprises to effectively meet their production requirements and achieve their business goals.

Vridhi Home Finance

Series B in 2024
Vridhi Home Finance is a housing finance company that leverages technology to expand its reach and serve customers in tier two and three cities across India. It focuses on providing affordable housing finance to underserved and unserved populations, helping them secure loans to purchase or build their dream homes. The company aims to improve the standard of living for its customers by facilitating homeownership.

Ummeed Housing Finance

Series F in 2024
Ummeed Housing Finance Private Limited is a housing finance company based in Gurugram, India, established in 2016. The company specializes in providing home loans and loans against property specifically tailored for lower and middle-income families in India, many of whom have limited access to organized financial services. By focusing on customers with informal incomes, Ummeed Housing Finance aims to bridge the gap in affordable housing finance. Its services include home loans, loans for construction, home renovation, and insurance options, all designed to enhance operational efficiency and reduce turnaround times. The company leverages technology to deliver personalized and accessible financial solutions, thereby supporting the aspirations of low and middle-income households in securing affordable housing.

Fibe

Series E in 2024
Fibe is a prominent consumer lending application in India, catering to the financial needs of young, aspirational, and tech-savvy individuals. The company has developed an online financial platform that specializes in providing ultra short-term loans and salary advances. Its services include small bridge loans that assist customers until their next salary credit, as well as small loans designed to help users navigate financial challenges at the end of the month. By offering accessible and timely financial solutions, Fibe aims to support users during critical times, making it a valuable resource for managing immediate credit needs.

Fibe

Secondary Market in 2024
Fibe is a prominent consumer lending application in India, catering to the financial needs of young, aspirational, and tech-savvy individuals. The company has developed an online financial platform that specializes in providing ultra short-term loans and salary advances. Its services include small bridge loans that assist customers until their next salary credit, as well as small loans designed to help users navigate financial challenges at the end of the month. By offering accessible and timely financial solutions, Fibe aims to support users during critical times, making it a valuable resource for managing immediate credit needs.

SK Finance

Private Equity Round in 2024
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

Mintifi

Series D in 2023
Mintifi is an online lending platform in India that aims to empower small and medium businesses through accessible financing solutions. Focused on enhancing the last-mile distribution network, Mintifi offers a range of flexible and affordable loan options designed to simplify the purchase financing experience for businesses. By leveraging technology and a corporate distribution network, the platform enables companies to efficiently manage their supply chain operations and obtain necessary funds to support their activities. Through partnerships with various digital channels, including WhatsApp, Mintifi ensures that its services are easily accessible, facilitating quicker and more straightforward access to financing for SMBs.

Fibe

Series D in 2022
Fibe is a prominent consumer lending application in India, catering to the financial needs of young, aspirational, and tech-savvy individuals. The company has developed an online financial platform that specializes in providing ultra short-term loans and salary advances. Its services include small bridge loans that assist customers until their next salary credit, as well as small loans designed to help users navigate financial challenges at the end of the month. By offering accessible and timely financial solutions, Fibe aims to support users during critical times, making it a valuable resource for managing immediate credit needs.

Finova Capital

Series D in 2022
Finova Capital is a non-banking financial company that specializes in providing loans to micro and small businesses, particularly those overlooked by traditional banking institutions. The company aims to enhance financial accessibility by offering personalized financing options that include detailed insights into loan structures and payment plans. By focusing on transparency and reasonable costs, Finova Capital enables micro-to-medium-sized enterprises to effectively meet their production requirements and achieve their business goals.

Oxyzo

Series A in 2022
Oxyzo is a financial services company dedicated to transforming small and medium enterprises (SMEs) into larger businesses. It provides customized credit solutions designed to support SMEs in expanding their operations, increasing revenue, and improving profit margins. Oxyzo's offerings include low-interest rates, collateral-free credit options, and rapid loan processing within 72 hours. The company serves over 3,000 SMEs across India, disbursing more than 4,000 crores annually, with assets under management exceeding 1,500 crores. Key features of Oxyzo's services include a pay-as-you-use model that charges interest only for the duration of credit utilization, minimal documentation requirements for loan processing, and potential savings on raw material purchases, allowing businesses to benefit from a more flexible and accessible lending experience.

Mintifi

Series C in 2022
Mintifi is an online lending platform in India that aims to empower small and medium businesses through accessible financing solutions. Focused on enhancing the last-mile distribution network, Mintifi offers a range of flexible and affordable loan options designed to simplify the purchase financing experience for businesses. By leveraging technology and a corporate distribution network, the platform enables companies to efficiently manage their supply chain operations and obtain necessary funds to support their activities. Through partnerships with various digital channels, including WhatsApp, Mintifi ensures that its services are easily accessible, facilitating quicker and more straightforward access to financing for SMBs.

Vastu Housing Finance

Private Equity Round in 2021
Vastu Housing Finance Corporation Limited is a non-deposit taking housing finance company based in Mumbai, India, incorporated in 2005. It specializes in providing long-term housing finance solutions tailored for middle-income and low-income segments. The company offers a variety of loan products, including home loans, home extension and improvement loans, plot + residential construction loans, commercial property loans, and mortgages or loans against property. Vastu Housing Finance is committed to socially relevant direct housing finance, focusing on affordable housing and self-employed individuals who may lack comprehensive documented income or adequate credit history. As of March 31, 2020, the company operated 66 branches across India.

Vastu Housing Finance

Secondary Market in 2021
Vastu Housing Finance Corporation Limited is a non-deposit taking housing finance company based in Mumbai, India, incorporated in 2005. It specializes in providing long-term housing finance solutions tailored for middle-income and low-income segments. The company offers a variety of loan products, including home loans, home extension and improvement loans, plot + residential construction loans, commercial property loans, and mortgages or loans against property. Vastu Housing Finance is committed to socially relevant direct housing finance, focusing on affordable housing and self-employed individuals who may lack comprehensive documented income or adequate credit history. As of March 31, 2020, the company operated 66 branches across India.

Ummeed Housing Finance

Venture Round in 2021
Ummeed Housing Finance Private Limited is a housing finance company based in Gurugram, India, established in 2016. The company specializes in providing home loans and loans against property specifically tailored for lower and middle-income families in India, many of whom have limited access to organized financial services. By focusing on customers with informal incomes, Ummeed Housing Finance aims to bridge the gap in affordable housing finance. Its services include home loans, loans for construction, home renovation, and insurance options, all designed to enhance operational efficiency and reduce turnaround times. The company leverages technology to deliver personalized and accessible financial solutions, thereby supporting the aspirations of low and middle-income households in securing affordable housing.

Veritas Finance

Series F in 2021
Veritas Finance Private Limited is dedicated to addressing the financial needs of micro, small, and medium enterprises, particularly those in the informal sector with limited access to financial services. Founded with the mission to provide inclusive financial solutions, Veritas focuses on delivering various loan products tailored to meet the working capital and credit requirements of these businesses. Its offerings encompass short-term loans for immediate working capital needs, medium-term loans for business expansion, and long-term loans for asset creation. The company is managed by a team of experienced professionals in the financial services industry, committed to facilitating access to credit and positively impacting the lives of millions of Indians engaged in informal activities that contribute significantly to the nation's economy.

Veritas Finance

Secondary Market in 2021
Veritas Finance Private Limited is dedicated to addressing the financial needs of micro, small, and medium enterprises, particularly those in the informal sector with limited access to financial services. Founded with the mission to provide inclusive financial solutions, Veritas focuses on delivering various loan products tailored to meet the working capital and credit requirements of these businesses. Its offerings encompass short-term loans for immediate working capital needs, medium-term loans for business expansion, and long-term loans for asset creation. The company is managed by a team of experienced professionals in the financial services industry, committed to facilitating access to credit and positively impacting the lives of millions of Indians engaged in informal activities that contribute significantly to the nation's economy.

Ummeed Housing Finance

Series E in 2021
Ummeed Housing Finance Private Limited is a housing finance company based in Gurugram, India, established in 2016. The company specializes in providing home loans and loans against property specifically tailored for lower and middle-income families in India, many of whom have limited access to organized financial services. By focusing on customers with informal incomes, Ummeed Housing Finance aims to bridge the gap in affordable housing finance. Its services include home loans, loans for construction, home renovation, and insurance options, all designed to enhance operational efficiency and reduce turnaround times. The company leverages technology to deliver personalized and accessible financial solutions, thereby supporting the aspirations of low and middle-income households in securing affordable housing.

SK Finance

Series E in 2021
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

Five Star Business Finance

Private Equity Round in 2021
Five-Star Business Finance Ltd is a Registered Non-Banking Finance Company (NBFC) recognized by the Reserve Bank of India. Based in Kilpauk, Chennai, the company operates multiple branches across various locations, including Tamil Nadu and Karnataka. Five-Star specializes in providing secured loans tailored to the needs of micro-entrepreneurs and self-employed individuals. These loans can be utilized for diverse purposes, including business expansions, asset creation such as home renovations, and financing significant life events like marriage, healthcare, and education. The company is committed to delivering quality service to its customers, adhering to regulatory guidelines set forth by the Reserve Bank of India.

Veritas Finance

Series E in 2020
Veritas Finance Private Limited is dedicated to addressing the financial needs of micro, small, and medium enterprises, particularly those in the informal sector with limited access to financial services. Founded with the mission to provide inclusive financial solutions, Veritas focuses on delivering various loan products tailored to meet the working capital and credit requirements of these businesses. Its offerings encompass short-term loans for immediate working capital needs, medium-term loans for business expansion, and long-term loans for asset creation. The company is managed by a team of experienced professionals in the financial services industry, committed to facilitating access to credit and positively impacting the lives of millions of Indians engaged in informal activities that contribute significantly to the nation's economy.

SK Finance

Private Equity Round in 2019
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

SK Finance

Private Equity Round in 2018
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

Veritas Finance

Series D in 2018
Veritas Finance Private Limited is dedicated to addressing the financial needs of micro, small, and medium enterprises, particularly those in the informal sector with limited access to financial services. Founded with the mission to provide inclusive financial solutions, Veritas focuses on delivering various loan products tailored to meet the working capital and credit requirements of these businesses. Its offerings encompass short-term loans for immediate working capital needs, medium-term loans for business expansion, and long-term loans for asset creation. The company is managed by a team of experienced professionals in the financial services industry, committed to facilitating access to credit and positively impacting the lives of millions of Indians engaged in informal activities that contribute significantly to the nation's economy.

Five Star Business Finance

Private Equity Round in 2018
Five-Star Business Finance Ltd is a Registered Non-Banking Finance Company (NBFC) recognized by the Reserve Bank of India. Based in Kilpauk, Chennai, the company operates multiple branches across various locations, including Tamil Nadu and Karnataka. Five-Star specializes in providing secured loans tailored to the needs of micro-entrepreneurs and self-employed individuals. These loans can be utilized for diverse purposes, including business expansions, asset creation such as home renovations, and financing significant life events like marriage, healthcare, and education. The company is committed to delivering quality service to its customers, adhering to regulatory guidelines set forth by the Reserve Bank of India.

SK Finance

Venture Round in 2018
SK Finance operates as a non-banking financial institution focused on providing asset finance solutions tailored for the mid-market sector. The company serves a diverse range of clients through five primary product segments: commercial vehicles, agricultural and construction equipment, passenger vehicles, two-wheelers, and small businesses. It specializes in offering a comprehensive array of financial services, including loans and financial planning, while also supporting the establishment and growth of micro, small, and medium enterprises. Through its expert personnel, SK Finance delivers end-to-end financial assistance that emphasizes security and customer satisfaction.

Five Star Business Finance

Series C in 2017
Five-Star Business Finance Ltd is a Registered Non-Banking Finance Company (NBFC) recognized by the Reserve Bank of India. Based in Kilpauk, Chennai, the company operates multiple branches across various locations, including Tamil Nadu and Karnataka. Five-Star specializes in providing secured loans tailored to the needs of micro-entrepreneurs and self-employed individuals. These loans can be utilized for diverse purposes, including business expansions, asset creation such as home renovations, and financing significant life events like marriage, healthcare, and education. The company is committed to delivering quality service to its customers, adhering to regulatory guidelines set forth by the Reserve Bank of India.

Lending Club

Series D in 2011
LendingClub Corporation is an online lending marketplace based in San Francisco, California, that connects creditworthy borrowers with investors. Founded in 2006, the platform offers a variety of unsecured personal loan products, including options for education, patient finance, auto refinancing, and small business loans. By facilitating direct investment in these loans, LendingClub provides investors access to an asset class that has traditionally been limited to institutional investors. The company generates most of its revenue through transaction fees from its role in processing loan applications and working with bank partners to enable loan originations. This approach aims to simplify and accelerate the lending process, making it more accessible for consumers and beneficial for investors.

RBL Bank

Venture Round in 2011
RBL Bank Limited is a private-sector scheduled commercial bank based in Mumbai, India, established in 1943. The bank operates through several segments, including Corporate/Wholesale Banking, Retail Banking, Treasury, and Other Banking Operations. It offers a diverse range of deposit products such as savings and current accounts, as well as fixed deposits. RBL Bank provides various lending options, including personal, home, car, education, and business loans, along with financial services like insurance, wealth management, and online banking. The bank also engages in advisory services for mergers and acquisitions, project finance, and trade services. With a focus on expansion, RBL Bank has developed a network of branches and ATMs across India, servicing over 500,000 customers and maintaining a robust business size. Following a transformational journey initiated in 2010, the bank has strengthened its governance and technology infrastructure to support its growth strategy.

Lending Club

Series C in 2010
LendingClub Corporation is an online lending marketplace based in San Francisco, California, that connects creditworthy borrowers with investors. Founded in 2006, the platform offers a variety of unsecured personal loan products, including options for education, patient finance, auto refinancing, and small business loans. By facilitating direct investment in these loans, LendingClub provides investors access to an asset class that has traditionally been limited to institutional investors. The company generates most of its revenue through transaction fees from its role in processing loan applications and working with bank partners to enable loan originations. This approach aims to simplify and accelerate the lending process, making it more accessible for consumers and beneficial for investors.

Lending Club

Series B in 2009
LendingClub Corporation is an online lending marketplace based in San Francisco, California, that connects creditworthy borrowers with investors. Founded in 2006, the platform offers a variety of unsecured personal loan products, including options for education, patient finance, auto refinancing, and small business loans. By facilitating direct investment in these loans, LendingClub provides investors access to an asset class that has traditionally been limited to institutional investors. The company generates most of its revenue through transaction fees from its role in processing loan applications and working with bank partners to enable loan originations. This approach aims to simplify and accelerate the lending process, making it more accessible for consumers and beneficial for investors.

Lending Club

Series A in 2007
LendingClub Corporation is an online lending marketplace based in San Francisco, California, that connects creditworthy borrowers with investors. Founded in 2006, the platform offers a variety of unsecured personal loan products, including options for education, patient finance, auto refinancing, and small business loans. By facilitating direct investment in these loans, LendingClub provides investors access to an asset class that has traditionally been limited to institutional investors. The company generates most of its revenue through transaction fees from its role in processing loan applications and working with bank partners to enable loan originations. This approach aims to simplify and accelerate the lending process, making it more accessible for consumers and beneficial for investors.

IKF Finance

IKF Finance Limited is a non-banking financial company based in Hyderabad, India, established in 1991. It specializes in providing finance for commercial vehicles and construction equipment, as well as other types of loans. The company offers vehicle loans for both new and used commercial vehicles, working capital loans for transport operators, and asset/collateral management services. IKF Finance Limited was previously known as IKF Finance & Investments Limited before changing its name in October 1998.
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