Back

Anonymous

Anonymous

Hey I am on Medial • 4m

Aye Finance Secures INR 110 Cr in Debt Ahead of IPO Delhi, India- IPO-bound lending tech startup Aye Finance has successfully secured INR 110 Cr (approximately $12.8 Mn) in debt from a group of investors, including Northern Arc, ASK Financial Holdings, MAS Financial Services, and CredAvenue. In an exchange filing dated December 31, the non-banking financial company (NBFC) announced that its board had approved the issuance of 1,000 non-convertible debentures (NCDs) with a face value of INR 1 Lakh each in two tranches to raise the funds. Earlier, in a separate filing with the Bombay Stock Exchange (BSE) on December 20, Aye Finance had stated its intention to use the funds to expand its NBFC operations. This latest round of debt financing comes just days after the lending tech startup filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a INR 1,450 Cr initial public offering (IPO).

4 replies9 likes
Replies (4)

More like this

Recommendations from Medial

Image Description

gray man

I'm just a normal gu... • 4d

Ahead of filing its draft red herring prospectus (DRHP), consumer services unicorn Urban Company’s founders cumulatively sold shares worth nearly INR 779.08 Cr through secondary transactions. According to the DRHP filed with SEBI on April 28 for a p

See More
1 replies11 likes

Pika

....... • 6d

Zepto is playing it smart before the IPO! Raising ₹1,500 Cr ($175M) debt from Edelweiss Alternatives & others ➡️ Buying back foreign shares to boost Indian ownership. ➡️$5B valuation ➡️Founders upping stake from 18% to 20% 💰$4B GOV IPO filing by

See More
0 replies21 likes

gray man

I'm just a normal gu... • 8d

Amazon Injects INR 350 Cr Into Amazon Pay India To Boost UPI Presence Ecommerce giant Amazon has infused INR 350 Cr into its digital payments arm, Amazon Pay India, as part of its efforts to strengthen its footprint in the country’s competitive UPI

See More
0 replies21 likes
Image Description

Pika

....... • 4d

Urban Company in beast mode! From ₹57.8 Cr loss last year to ₹242.6 Cr profit in 9M FY25 – all thanks to a ₹215 Cr deferred tax gain. Now filing for a ₹1,900 Cr IPO with fresh issue + OFS. UC cleaning homes & cleaning up its balance sheet too!

1 replies20 likes
Image Description

Nawal

Entrepreneur | Build... • 2m

Electric cab-hailing startup BluSmart Mobility is reportedly grappling with a cash crunch, which caused the Delhi NCR-based company to default on INR 30 Cr of debt in early February. 🔰 BluSmart, which is in the middle of raising about INR 434 Cr in

See More
2 replies16 likes
2
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 1y

Top News Of the Day: 1. Fintech lending startup, Aye Finance, has raised a debt funding of INR 137 crore (around $16.6 million) from Germany-based Invest in Visions 2. Elevate Foods, a startup focused on supporting Indian farm-gate processors in ac

See More
18 replies39 likes
Image Description

Vikas Acharya

Building WelBe| Entr... • 2m

Traya reported a net profit of INR 8.66 Cr in FY24 against a net loss of INR 27.83 Cr in the previous fiscal year Its operating revenue zoomed 284% to INR 236.04 Cr during the quarter under review from INR 61.43 Cr in FY23 Founded in 2019 by Saloni

See More
1 replies7 likes
Anonymous

Deepinder Goyal-led food delivery giant Zomato has abandoned plans to enter the non-banking financial company (NBFC) sector. The company's subsidiary, Zomato Financial Services Limited (ZFSL), has decided to voluntarily withdraw its application to

See More
0 replies6 likes
Image Description

Jayendra

IPO Advisor (Zero Ch... • 18d

🚀 IPO Update: boAt rocked the market with its ₹2,000 crore IPO filing yesterday, boosting retail sentiment. Recent data shows 4 IPOs raised ₹6,500 crore in the last 24 hours, with consumer tech leading the charge! #IPOs

2 replies9 likes

ProgrammerKR

Code • Create • ... • 25d

India’s startup engine is revving up again! BlueStone and Aye Finance just got SEBI's nod for their IPOs. From handcrafted jewelry to fintech, Indian companies are stepping onto the public stage with confidence. #IPO #StartupIndia #Fintech #JewelryB

See More
0 replies3 likes

Download the medial app to read full posts, comements and news.