Aye Finance Pvt. Ltd, a non-banking financial technology company focussed on micro, small and medium enterprises, has raised Rs 210 crore (approximately $27.74 million) in its Series E funding round.

The round has been led by CapitalG, the Google-operated investment firm formerly known as Google Capital. Other participants in the round include LGT Lightstone, Falcon Edge, A91 Partners and MAJ Invest.

IndusLaw acted for Aye Finance and the team was led by Senior Partner Suneeth Katarki and Partner Pallavi Kanakagiri along with Associates Rahul Tiwari and Mahima Selvakumar.

J. Sagar Associates acted for CapitalG and the team was led by Partner Probir Roy Chowdhury.

Goodwin Procter represented Falcon Edge.

The Gurugram-based company will use the funds to add to its liquidity base and strengthen operations to offset any impact from the economic fallout of the Covid-19 pandemic, reported VCCircle.