Mumbai: Aye Finance, a Gurugram-based small business loan provider, September said it has raised close to $7 million (Rs44crore) in debt financing from global impact investment manager Triodos Investment Management of the Netherlands. Triodos Investment Management manages investment fu…
Tag: Sanjay Sharma
MSME financing start-up Aye Finance raises $8 m from Blue Orchard
Non-banking finance company (NBFC), Aye Finance has raised $8 million from Blue Orchard, a leading global impact investment manager. The funds were raised through NCDs (non-convertible debentures) with a maturity period of five years. Aye Finance says it is committed to transforming micro and sma…
SBI sanctions credit facilities of $3.1 m to Aye Finance; NBFC to now reach out to more MSEs
Gurugram-based NBFC Aye Finance has been sanctioned credit facilities to the tune of $3.1 million (Rs 20 crore) from the country’s largest public sector bank State Bank of India (SBI), for the purposes of on-lending. The credit facility will enable Aye Finance to further its goal of financial inc…
Aye Finance empowers South Indian MSMEs to grow & prosper
In the age of rapid digitalization and foreign giants setting up their base in India, the growth and longevity of the MSME sector has been challenged. In order for Indian MSMEs to further expand and prosper, robust financial assistance is of paramount significance. As one of the fast growing new-…
IoT start-up Roambee bags $4.1 mn funding
US headquartered Internet of Things (IoT) startup Roambee has bagged a second round of funding $4.1 million with participation from Silicon Valley investors and the investing arm of Deutsche Telekom. The three-year-old startup received its series A round of $2.5 million in May 2015 from a group …
Young entrepreneurs to get more funding from govt
To support young entrepreneurs, the central government will launch ‘special funds’ for those in the 16-21 years and 21-26 years age groups. “It’s on the drawing board. We have accumulated funds worth Rs 9,000 crore under the technology cess category, and we want to use this. We might launch incub…