Symbiotic leads Rs 32-cr debt funding in Aye Finance
, ET Bureau|
Updated: Nov 07, 2017, 09.40 AM IST
NEW DELHI: Geneva-based development finance institution Symbiotics Group has led a Rs 32-crore debt funding round in micro and small sector lender Aye Finance.
This takes the total funds raised by the Gurgaon-based startup in this financial year to about Rs 200 crore. Aye Finance's operations span 10 northern, central and southern states in the country and it services more than 50 clusters through its 72 branches.
The lender is eyeing disbursements of about Rs 550 crore by the end of this fiscal, executives said.
This takes the total funds raised by the Gurgaon-based startup in this financial year to about Rs 200 crore. Aye Finance's operations span 10 northern, central and southern states in the country and it services more than 50 clusters through its 72 branches.
The lender is eyeing disbursements of about Rs 550 crore by the end of this fiscal, executives said.
