Our firm advised Aye Finance, a new-age financial institution providing business loans to small and micro enterprises in India, in relation to its Series G round of investment, aggregating to USD 31 million.
The investment was led by IMP2 Assets Pte. Ltd, a Singapore-based impact investment fund backed by Temasek ("ABC Impact"), and British International Investment plc ("BII").1
Deal amount: USD 31 million (approx.)
INDUSLAW Team:
Transaction Team: Rahul Tiwari (Partner), Amar KM (Senior Associate), Surbhi Joshi (Senior Associate), Aparimita Choudhary (Associate), Padmasri Bhavani (Associate), Akrama Javed (Associate) and Vedman Lokesh (Associate).
Secretarial Team: Ruhi Jain (Executive Director), Akshay Madhvani (Senior Executive) and Mahima Rathod (Executive).
Other law firms:
- ABC Impact – Khaitan & Co.
- BII – Quillon Partners
:
Footnotes
1. https://economictimes.indiatimes.com/tech/funding/aye-finance-set-to-secure-rs-250-crore-in-a-fresh-round/articleshow/113499038.cms?from=md
2. https://www.thehindubusinessline.com/money-and-banking/aye-finance-raises-250-crore-in-series-g-funding-round/article68662894.ece
3. https://inc42.com/buzz/aye-finance-bags-inr-250-cr-from-singapores-abc-impact-others-to-bolster-its-msme-lending-play