Aye Finance raises funding from Falcon Edge, CapitalG, others

Non-banking financial company Aye Finance Pvt. Ltd has raised around Rs 253 crore ($36 million at current exchange rate) through a mix of equity and debt funding led by Falcon Edge Capital, filings with the Registrar of Companies show.

The development comes a little more than a month after VCCircle reported that Falcon Edge was in discussions to invest in the Gurugram-based lender.

The company raised Rs 233.32 crore ($33.3 million) in equity financing from the following: Hedge fund Falcon Edge; CapitalG, a growth equity fund floated by Google’s parent firm, Alphabet Inc.; Zurich-headquartered LGT Capital; and MAJ Invest, an asset management firm based out of Denmark.

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