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Ashv Finance is a tech-led non-banking financial company based in Mumbai, India, that provides customized debt financing and credit solutions to micro, small, and medium enterprises. Operating across more than 15 Indian states, the firm manages a total asset under management of approximately $120 million to bridge the commercial credit gap for high-growth startups and essential retail businesses. In late 2023, the lender raised $10 million in equity funding to expand its lending portfolio, following a separate $10 million loan secured from the US International Development Finance Corporation in 2022. The company is currently backed by notable institutional investors, including the Aavishkaar Group, Omidyar Network India, Triodos Investment Management, and Encourage Capital. Originally incorporated in early 1998 as Jain Sons Finlease Ltd before officially rebranding in 2020, Ashv Finance was founded by Vineet Rai.
Ashv Finance has raised $10.0M across 1 funding round.
Ashv Finance has raised $10.0M in total across 1 funding round.
Ashv Finance has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series E in December 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 8, 2023 | $10M Series E | Encourage Capital | — | Announced |
Ashv Finance has raised $10.0M in total across 1 funding round.
Ashv Finance's investors include Encourage Capital.
