The firm had first backed Aye Finance in 2016 through its Series B round.Lightrock has announced the partial realisation of its investment in Aye Finance following the company’s initial public offering and listing on February 16.
The firm had first backed Aye Finance in 2016 through its Series B round.
Founded in 2014, Aye Finance is a tech-enabled lender focused on providing credit to micro, small and medium enterprises (MSMEs) in India. The company offers small business loans typically ranging from $1,500 to $4,500, with tenures of up to 96 months.
Shares of Aye Finance debuted with a market cap of about ₹3,184 crore.
The lender reports annual disbursements exceeding $450 million.
“Since 2016, Lightrock has witnessed how their innovative approach to MSME lending has unlocked economic opportunity for thousands of underserved businesses across India. We look forward to supporting Aye Finance’s ongoing success as they continue their journey as a listed company”, said Samir Abhyankar, partner and head of India at Lightrock.
Lightrock is a global investment firm with presence in Europe, North America, Latin America, Asia and Africa. Some of its notable India investments include Shiprocket, Porter and DeHaat.
The partial exit comes as investors increasingly look to public markets for liquidity while continuing to back portfolio companies through their next phase of growth.
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