Alphabetbacked Indian lender files for IPO

Image for article 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]

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