Dhanvarsha Finvest raises INR 658 million from Aviator Emerging Market Fund

BDO.LiveSite.Deals.DealTypeCapital markets
BDO.LiveSite.Deals.IndustryFinancial Services
BDO.LiveSite.Deals.ClientNameDhanvarsha Finvest

The BDO Corporate Finance team in India provided fundraising support and advice to a publicly listed lender Dhanvarsha Finvest (now called as TruCap), on the investment by Aviator Emerging Market Fund, among others.

Mauritius-based Aviator Emerging Market Fund and a slew of investors have infused INR 658 million (c. USD 9 million) in Dhanvarsha.

Dhanvarsha Finvest (now called TruCap) is a diversified financial services provider offering credit solutions to India's underserved and underbanked SMEs. Dhanvarsha Finvest provides financing options to the relatively under-banked Micro, Small & Medium Enterprises (MSME) and Low to Mid Income (LMI) groups of the society, offering a range of secured and unsecured financing products tailored to suit borrower's requirements. As of March-end 2022, Dhanvarsha Finvest had a loan book size of INR 3,060 million (c. USD 38 Mn).