Ahlawat & Associates’ transactional team has advised Revfin Services Private Limited, a start-up electric vehicles-focused financing company operating a digital lending platform providing financial assistance by partnering with various financial institutions on its Pre-Series A Investment round which was led by LetsVenture Angel Fund along with existing angel investors.
The Delhi-based business platform focuses on consumer lending enabling financing of electric three-wheeler loans in Tier 3 and Tier 4 towns. The target consumer of the business is largely away from the traditionally focused hotspots such as Maharashtra, Karnataka, Hyderabad, and other states.
The deal marks A&A’s latest advisory in relation to the investment raised by Revfin Services Private Limited.
Disha Toshniwal, Senior Associate at Ahlawat & Associates’ commented: “The promising sector of Finance technology (fintech) is growing at a rapid pace and there is a huge capital chasing a smaller number of start-ups engaged in this sector.”