Startup Profile
Aye Finance
Legal entity: Aye Finance Private Limited
Lending to India's underserved micro and small enterprises
Funding raised
₹1250.00 Cr
Total disclosed
Latest valuation
₹1910.00 Cr
Most recent round
Latest revenue
—
FY FY22
Employees
—
FY FY22
Founders
- Sanjay Sharma
Co-founder, Managing Director and CEO of Aye Finance. A career banker with over three decades in consumer and retail lending before founding the company in 2014.
- Vikram Jetley
Co-founder and Executive Director of Aye Finance, with over two decades in financial services in India and abroad.
Funding rounds
- Series G2024-09-20₹250.00 CrLed by ABC Impact
- Series F2023-12-13₹310.00 CrLed by British International Investment
- Series E2020-06-24₹210.00 CrLed by CapitalG
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY22 | — | (₹51.35 Cr) | — |
| FY23 | ₹623.43 Cr | +₹43.85 Cr | — |
| FY24 | ₹1040.22 Cr | +₹171.68 Cr | — |
| H1FY25 | ₹692.24 Cr | +₹107.80 Cr | 8,388 |
The full story
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Timeline
- FY23Turned profitable — Swung from a net loss of Rs 51.35 crore in FY22 to a net profit of Rs 43.85 crore in FY23.
- 2026-02-16IPO and stock market listing — Listed on NSE and BSE; IPO raised about Rs 1,010 crore at an issue price of Rs 129 per share.
- 2024-09Series G led by ABC Impact — Raised Rs 250 crore (USD 30M); AUM crossed USD 850 million.
- 2023-12Series F led by British International Investment — Raised Rs 310 crore (USD 37M); total equity raised reached about Rs 1,000 crore.
- 2020-06Series E led by CapitalG — Raised Rs 210 crore (USD 27.5M) led by Alphabet's CapitalG; valuation crossed Rs 1,910 crore (~USD 254.7M).
- 2014Founded — Sanjay Sharma and Vikram Jetley found Aye Finance to lend to micro and small enterprises ignored by formal banks.