Lightrock has partially realized its investment in Aye Finance Limited following the company's Initial Public Offering, reflecting confidence in Aye Finance's growth potential and its role in addressing the financing needs of India's underserved micro, small, and medium-sized enterprises.
Information on the target
Aye Finance Limited, founded in 2014, is a tech-enabled lender based in India that focuses on providing loans to underbanked micro, small, and medium-sized enterprises (MSMEs). The company offers a variety of debt solutions with typical loan amounts ranging from USD $1,500 to USD $4,500, and loan terms that generally last between 24 to 96 months. Aye Finance has established itself as a significant player in the financial services sector, addressing the critical financing needs of MSMEs.
With a workforce exceeding 10,000 employees and over 560 branches across more than 20 states and territories in India, Aye Finance has successfully disbursed more than USD $450 million annually. The company plays a vital role in supporting the MSME sector, which is essential to India's economy, employing approximately 320 million people and contributing to 31% of the country's GDP.
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Industry overview in the target’s specific country
The MSME sector in India is a cornerstone of the national economy, representing a significant portion of employment and economic output. Despite its importance, this sector has historically faced challe
Similar Deals
Lightrock
invested in
Aye Finance Limited
in 2016
in a Series B deal
Disclosed details
Revenue: $450M