The $27.7m series E included CapitalG and it boosted the microlending platform's overall funding to in excess of $95m.
India-based business lender Aye Finance has raised Rs 2.1bn ($27.7m) in series E funding from investors including internet technology conglomerate Alphabet’s growth equity subsidiary, CapitalG, Financial Express reported yesterday.
Impact investment firm LGT Lightstone, hedge fund manager Falcon Edge Capital, venture capital fund A91 Partners and asset manager MAJ Invest also participated in the round.
Aye Finance operates an online platform that extends microloans to small businesses in India, and has so far loaned capital to more than 3,000 companies.
…
