Alphabetbacked Indian lender files for IPO
News Source : TechCrunch
News Summary
- Aye Finance, a lender targeting small- and medium-sized businesses in India, is seeking to raise $171 million from its initial public offering
- The offering comprises a $104 million fresh share issue and a $67 million secondary sale by existing investors
- Proceeds from the IPO will be used to expand the startup’s loan portfolio and strengthen its capital base
Alphabets CapitalGbacked Aye Finance, a lender focused on Indias micro, small, and medium enterprises, is seeking to raise $171 million from its initial public offering, it disclosed in a filing Tu [+1629 chars]