India's AI lender Aye Finance seeks $171m in IPO

Aye Finance, an Indian lender focusing on small- and medium-sized businesses (SMBs), aims to raise US$171 million in an IPO.

The IPO will consist of a US$104 million fresh share issuance and a US$67 million secondary sale by current investors.

Proceeds will be used to expand the company’s loan portfolio and strengthen its capital base.

Recent Aye Finance developments

Timeline
13-Dec-2024 📈 India’s AI lender Aye Finance to raise $174m via IPO Aye Finance plans IPO to raise ₹1,450 crore Fresh issue & OFS components included in offering
06-Sep-2018 🚀 Go-Jek, former Grab CTO’s startup among latest Google Launchpad entrants Google Launchpad Studio’s new cohort revealed. Go-Jek and three others from Asia selected.
11-Jun-2018 📰 Asia news roundup: Xiaomi posts $1b loss, crypto exchange loses $40m in hack, and more Xiaomi reports $1 billion loss before IPO. Coinrail hacked, losing over $40 million in tokens.
24-Nov-2016 🚀 6 rising startups in India – Nov 23, 2016 Knowlarity raises $20M for expansion ShareChat secures $4M for multilingual platform
21-Nov-2016 💰 Indian small business lender Aye Fin raises $10m in funding Aye Finance raises $10.3M for MSME loans Plans to expand in South, West India and strengthen tech
23-Feb-2015 💰 After CapitalFloat, now Aye Finance bags funding to provide loans to startups in India

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