S&R Associates has advised Ashv Finance, a Reserve Bank of India-registered non-banking finance company, to raise USD10 million in a series E funding round.
Partner Viral Mehta and counsel Kinnari Sanghvi led the transaction team, with associate Shreya Jaipuria assisting them.
Encourage Capital led the fundraising for Mumbai-headquartered Ashv Finance, which specialises in offering loans to micro, small and medium enterprises.
Ashv Finance, which has 180 locations in 15 states, will use the funds raised to extend its services across India.
