Dhanvarsha Finvest Limited, a technology enabled financial services company, announced the completion of INR 658.3 million capital infusion led by Aviator Emerging Market Fund (AEMF) which include a marque list of international investors such as Porter Collins and Vincent Daniel.
Select family offices and HNI’s also participated in the current round. Dhanvarsha will now boast a net-worth in excess of INR 1.6 billion, a significant milestone for the Company, the company said in a statement.
Aviator EMF is SEBI registered FPI investor which has carved out a niche focus in the Indian financial services sector particularly in NBFC’s and microlenders.
Commenting on the development, Farhana Ali Mohamed, Director at Aviator EMF commented “Our investment into Dhanvarsha is predicated on its strong origination and collections engine in the MSME space coupled with a best-in-class management team. Dhanvarsha’ s strong and unlevered balance sheet and highly granular loan book offers an attractive level of risk-adjusted returns.”
Rohanjeet Singh Juneja and Karan Neale Desai, Joint Managing Directors, Dhanvarsha Finvest Limited said: “The entire management team is thrilled to have an investor like Aviator EMF who have faith in our vision of financial inclusion and sustainable development for small business entrepreneurs. It is a matter of great pride and honour to have celebrated investors like Porter Collins and Vincent Daniel and other high calibre executives such as Gaurav Mittal from Mastercard in Aviator EMF who believe in our execution. This investment is a testament to the unrelenting dedication of our promoter group and employees who have built this Company.
Dhanvarsha Finvest is a technology enabled financial services company that financially empowers the unserved and underserved micro small medium enterprise (MSME) entrepreneurs of India. Promoted under the aegis of the 80-year-old Wilson Group of Mumbai, with a vision to not just achieve a broad-based financial inclusion but to achieve this financial inclusion with a greater social purpose – an opportunity to build social capital.
The Aviator Emerging Market Fund operates under a Category 1 Global Business License issued by the Mauritius Financial Services Commission (FSC). It is also registered with the Securities and Exchange Board of India (SEBI) as a Foreign Portfolio Investor. The Fund is focused on Emerging Markets like India, UAE, Singapore, Hong Kong, and non-EMs like the US, UK.
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