Private Equity

PE Fund Investments

MSME lender Ashv Finance raises $10-M from Encourage Capital

Financial Express  

Ashv Finance , a Mumbai-headquartered cash-flow based lender to MSMEs (micro, small and medium enterprises) and part of the Aavishkaar Group, has raised USD 10 million from Encourage Capital. The lender expects additional participation in the round. Ashv provides collateral-free and flexible financing to MSMEs and has assets under management (AUM) of INR 1,000 crore through its presence in more than 180 locations across 15 states. Ashv will deploy the funds to enhance its presence across the country and launch an initiative to finance rooftop solar for micro and small businesses.