CapitalG leads $21.5M investment in Aye Finance, its first deal in India

CapitalG leads $21.5M investment in Aye Finance, its first deal in India

6 years ago
Anonymous $roN-uuAfLt

https://techcrunch.com/2018/06/11/capitalg-leads-21-5m-investment-in-aye-finance/

India is a major part of Google’s global focus. The company launched a new product in India last week as its program to bring free WiFi to the public registered its 400th railway station. Now, the U.S. tech giant is continuing to deepen its focus after CapitalG — its venture arm formerly known as Google Capital — made its first investment in India by backing micro-loan startup Aye Finance.

CapitalG led the $21.5 million Series C round which also included participation from existing investors SAIF Partners and LGT, who were part of a $10.5 million investment in 2016. Since that round, Aye Finance has raised over $30 million via a series of debt investment-based deals, according to data from Crunchbase.