India, 17th April 2025, Navyug Global Ventures, the investment platform founded by serial investor Nikhil Chandan, has announced a strategic investment of INR 160 Million and another INR 100 Million in the first quarter FY 25-26 in Shrinithi Capital Private Limited, a Chennai-based NBFC focused on commercial vehicle finance and EV Segment. With this new investment, Shrinithi Capital Private Limited will accelerate its efforts in expanding financial access, deepening its presence in underserved regions, and driving impact-driven lending initiatives.

Shrinithi Capital, with its 50 plus branches and 600 plus on-field manpower, has been enabling access to credit for rural entrepreneurs, commercial fleet operators, and small business owners in the Used Vehicle Auto Segment through its grassroots network and sector-specific financial products. The new funding will support its geographic expansion, tech-driven lending models, and targeted financing for electric mobility. Known for backing high-impact, future-forward enterprises, Nikhil Chandan has built a track record of identifying early-stage financial and clean-tech opportunities that drive both economic and social outcomes. This latest investment into Shrinithi Capital reinforces Navyug’s commitment to fostering inclusive, sustainable growth in India’s lending ecosystem.

Commenting on the investment, Mr 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.”

Mr 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.”