About Ashv Finance
Ashv Finance is a company based in Mumbai (India) founded in 2010 by Vineet Chandra Rai. Ashv Finance has raised $53 million across 12 funding rounds from investors including Triodos Bank, Michael & Susan Dell Foundation and Encourage Capital. Ashv Finance offers products and services including Unsecured Business Loans, Secured Business Loans, GST Surrogate, Banking Surrogate, and Solar Rooftop Financing. Ashv Finance operates in a competitive market with competitors including Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
- Headquarter Mumbai, India
- Founders Vineet Chandra Rai
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Ashv Finance Limited
- Date of Incorporation 05 Feb, 1998
- Jurisdiction Goregaon East, Maharashtra, India
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Annual Revenue
$8.61 M (USD)12.45as on Mar 31, 2019
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Net Profit
$264.76 K (USD)109.47as on Mar 31, 2019
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EBITDA
$4.03 M (USD)156.44as on Mar 31, 2019
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Total Equity Funding
$53 M (USD)
in 12 rounds
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Latest Funding Round
$10.95 M (USD), Series E
Dec 06, 2023
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Investors
Triodos Bank
& 18 more
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Employee Count
Not available
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Products & Services of Ashv Finance
Ashv Finance offers a comprehensive portfolio of products and services, including Unsecured Business Loans, Secured Business Loans, GST Surrogate, Banking Surrogate, and Solar Rooftop Financing.
Provides collateral-free loans for MSMEs to support business growth.
Offers secured financing options for small businesses in India.
Assists with GST-related financial support for businesses.
Facilitates alternative banking solutions for MSMEs.
Provides loans for solar energy installations to promote sustainability.
People of Ashv Finance
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Funding Insights of Ashv Finance
Ashv Finance has successfully raised a total of $53M across 12 strategic funding rounds. The most recent funding activity was a Series E round of $10.95 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ashv Finance
Ashv Finance has secured backing from 19 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Triodos Bank, Michael & Susan Dell Foundation and Encourage Capital.
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Impact investing through credit and equity strategies in developing regions, focusing on social and environmental benefits.
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Investor details for Ashv Finance
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Investments & Acquisitions by Ashv Finance
Investment portfolio details for Ashv Finance
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Financial Statements - Ashv Finance
Detailed financials for Ashv Finance
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Ashv Finance Comparisons
Peer comparison for Ashv Finance
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Competitors of Ashv Finance
Ashv Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, L & T Finance Holdings, IIFL Finance, Hero Fincorp and Bajaj Finserv, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Consumer and SME loans are provided by Manappuram Finance.
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Diversified lending services are provided as a non-banking financial institution.
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Online gold, home, personal, and business loans are provided.
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2-wheeler loans and consumer/business financing are provided by Hero Fincorp.
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Financial solutions including loans and insurance are offered.
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Household and business loans are provided with risk management support.
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Detailed competitors of Ashv Finance
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Latest news on Ashv Finance
Complete news archive for Ashv Finance
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Frequently Asked Questions about Ashv Finance
Ashv Finance was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Ashv Finance is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Vineet Chandra Rai is the current CEO of Ashv Finance. They have also founded this company.
Ashv Finance is a funded company, having raised a total of $53M across 12 funding rounds to date.
Annual revenue of Ashv Finance is $8.61M as on Mar 31, 2019.
Ashv Finance was founded in 2010 and is headquartered in Mumbai, India. Operations are focused on the financial services sector, where business loans are extended to support various enterprises. Services include funding solutions tailored for business growth and operations. The company is led by key executives such as Vineet Chandra Rai as Founder CEO and Nikesh Kumar Sinha as CEO Managing Director. Geographic presence is centered in India.
Ashv Finance's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
Ashv Finance offers Unsecured Business Loans, Secured Business Loans, GST Surrogate, Banking Surrogate, and Solar Rooftop Financing.
Ashv Finance has 19 investors. Key investors include Triodos Bank, Michael & Susan Dell Foundation, Encourage Capital, Aavishkaar Capital, and John Arunkumar Diaz.
The valuation of Ashv Finance is $66.09M as of Dec 2023.