It’s little surprise that CapitalG, the venture capital fund of search giant Google’s parent company Alphabet Inc, makes tech bets. The late-stage growth VC’s first investment in India was in Freshworks in 2015, a company born in the cloud. Then it invested in Practo, an online healthcare platform, CommonFloor, a real estate platform. And then car portal CarDekho. Companies that believed in an online model for the lifecycle of their product or service.
And then it made a puzzling call with its first fintech investment in 2018 in India.
It was in a little-known lending company—Aye Finance.