Catalyst Trusteeship Limited has invested through AAV and Masala Investment funds
Aye Finance was last valued at INR 1,700 Cr or $224 Mn in June 2020
The company doubled its revenue to INR 415 Cr in FY2020, with marginal increase in profit
Gurugram-based financial services startup Aye Finance has raised INR 77 Cr ($10 Mn) in debt from Catalyst Trusteeship Limited through its AAV Sarl and Masala Investment Sarl.
According to the ministry of corporate affairs filings assessed by Inc42, Aye Finance has allocated 3,85,875 debenture each worth INR 38.58 Cr to AAV Sarl and Masala Investment Sarl, leading up to INR 17.17 Cr.
Prior to this round, the company had raised INR 125 Cr in debt from Germany-based impact investor Invest in Vision, back in July 2020 to lend to the disadvantageous micro-enterprise sector and facilitate job creation and their inclusion into the folds of organised lending.
Founded by Sanjay Sharma and Vikram Jetley in 2014, Aye Finance caters to unbanked…