CapitalG, the growth-stage investment arm of Google’s parent company Alphabet, has led a Rs. 147 crore funding round in non-banking financial company (NBFC) AYE Finance..The existing investors – SAIF Partners India, Accion Africa-Asia Investment Company and LGT Capital Invest – also participated in this round..J. Sagar Associates acted for CapitalG and existing investors and the team included Partner Probir Roy Chowdhury and Associate Yajas Arvind Setlur..IndusLaw advised AYE Finance and the existing investors and the team was led by Partners Suneeth Katarki and Pallavi Kanakagiri along with Senior Associate Aakash Dasgupta.The Series-C round of funding saw CapitalG put in about Rs. 81 crore in AYE Finance.The NBFC will use the proceeds from the round to further increase its loan book, which stands at about Rs 525 crore, with a significant portion also to be allocated towards building its technology platforms, reported ET.
CapitalG, the growth-stage investment arm of Google’s parent company Alphabet, has led a Rs. 147 crore funding round in non-banking financial company (NBFC) AYE Finance..The existing investors – SAIF Partners India, Accion Africa-Asia Investment Company and LGT Capital Invest – also participated in this round..J. Sagar Associates acted for CapitalG and existing investors and the team included Partner Probir Roy Chowdhury and Associate Yajas Arvind Setlur..IndusLaw advised AYE Finance and the existing investors and the team was led by Partners Suneeth Katarki and Pallavi Kanakagiri along with Senior Associate Aakash Dasgupta.The Series-C round of funding saw CapitalG put in about Rs. 81 crore in AYE Finance.The NBFC will use the proceeds from the round to further increase its loan book, which stands at about Rs 525 crore, with a significant portion also to be allocated towards building its technology platforms, reported ET.