# Ashv Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ashv-finance

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.ashvfinance.com
- Total disclosed funding: $45M
- Latest round: Series E (Dec 6, 2023)
- Investors on record: 5

## About

Based in India, Ashv Finance Limited specializes in providing unsecured business loans designed to assist micro, small, and medium enterprises (MSMEs) and small businesses in enhancing their growth potential without the need for collateral.Ashv Finance Limited, established in 2010 and headquartered in Mumbai, India, focuses on offering financial products to support the growth of MSMEs and small businesses. The company has executed 5 deals, with its latest transaction being a Series E round in December 2023, raising USD 10.00 mn from Encourage Capital, which marks the total amount raised to USD 10.00 mn.Ashv Finance primarily offers unsecured business loans tailored for micro, small, and medium enterprises (MSMEs) and small businesses in India. These financial products are structured to meet the specific needs of businesses aiming to enhance their growth potential without the burden of collateral. The core offerings include flexible loan tenures and cash-flow-based evaluations that simplify the borrowing process. The company addresses challenges faced by emerging businesses, particularly in sectors like water management and textiles, by providing quick access to funding for operational expenses. Ashv Finance serves a diverse clientele, including startups and established small businesses across various industries, thereby supporting their growth and sustainability in the Indian market.Ashv Finance generates revenue through interest from the unsecured business loans it provides to clients. The transaction structure typically involves direct lending to MSMEs and small businesses, focusing on financial solutions that facilitate cash flow management. The company reported a revenue of USD 16,109,461.50 for the year 2022, with an EBITDA of USD 8,516,549.40, reflecting its commitment to create a streamlined application process and a reliable revenue stream through long-term client relationships.In December 2023, Ashv Finance Limited secured USD 10 mn in Series E funding from Encourage Capital. The company plans to utilize this funding to expand its operations and support the implementation of rooftop solar solutions for micro and small businesses, enhancing their operational efficiency and sustainability.

## Funding rounds

- Series E, Dec 6, 2023, $11M — Encourage Capital, Teachers Insurance and Annuity Association of America
- Series D, May 6, 2016, $34M — Aavishkaar Capital, Triodos Investment Management, On Mauritius

## Investors

- Aavishkaar Capital (https://capitalatlas.ai/funds/aavishkaar-capital) — Series D
- Triodos Investment Management (https://capitalatlas.ai/funds/triodos-investment-management) — Series D
- On Mauritius — Series D
- Encourage Capital (https://capitalatlas.ai/funds/encourage-capital) — Series E
- Teachers Insurance and Annuity Association of America — Series E