Dhanvarsha Finvest raises INR 658 million from Aviator Emerging Market Fund

Deal typeCapital Markets
IndustryFinancial Services
Client nameDhanvarsha 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).