Omidyar Network

Omidyar Network, established in 2004 by eBay founder Pierre Omidyar and his wife Pam, is a global impact investing firm that combines philanthropy and venture capital to catalyze social change. It invests in for-profit and non-profit organizations across sectors such as digital society, emerging technology, education, financial inclusion, governance, and property rights. The firm focuses on early-stage investments, typically committing between $1 million to $10 million in for-profits and $0.5 million to $5 million in non-profits. Omidyar Network operates globally, with a significant focus on India, and seeks to create opportunities for people to improve their lives and make a difference in their communities.

Annie Maxwell

Executive Vice President

Siddharth Nautiyal

Investment Partner

Badri Pillapakkam

Partner at Omidyar Network India

Fabio Tran

Investment Director, Education

Past deals in Retail Lending

NeoGrowth

Series D in 2022
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.

Bon(Bonfleet Solutions)

Seed Round in 2018
Bonfleet Solutions Pvt. Ltd, based in Pune, India, is a FinTech company that specializes in providing credit solutions to self-employed individuals and gig-economy workers, such as taxi drivers, delivery agents, electricians, and beauticians. Founded in 2016, the company aims to bridge the financial services gap for those who typically lack access to traditional lending options. Bon facilitates lending by partnering with financial institutions and non-banking financial companies (NBFCs), enabling users to submit necessary documentation either through a mobile application or at retail outlets. Once approved, users receive a credit card with a pre-approved limit, allowing them to view their credit status, track transactions, and make payments. Bonfleet Solutions operates retail outlets in major cities including Bengaluru, Gurugram, Noida, Kochi, and Kolkata, and is driven by a team dedicated to expanding financial access for underserved workers throughout India.

NeoGrowth

Series C in 2016
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.

NeoGrowth

Series C in 2015
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.
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