Avanse Financial Services Secures Rs 1,000 Crore Funding
Mumbai-based Avanse Financial Services Ltd, a leading education-focused NBFC, has successfully raised Rs 1,000 crore in a recent funding round.
Strategic Investment
The funding was spearheaded by Abu Dhabi-based Mubadala Investment Company and Avendus PE Investment Advisors Private Limited through its fund Avendus Future Leaders Fund II.
Mission Statement
Avanse aims to strengthen its position in the dynamic education financing sector by prioritizing customer experiences and achieving sustainable growth.
Shared Vision
Amit Gainda, Managing Director and CEO of Avanse Financial Services, expressed enthusiasm for the strategic investors who share a common vision of fortifying the education financing segment in India. He also acknowledged the ongoing support of existing shareholders Warburg Pincus, Kedaara Capital, and the International Finance Corporation.
About Avanse Financial Services
Founded in 2013, Avanse Financial Services Limited is committed to providing affordable education financing for Indian students. Its comprehensive student loan offerings cover the entire education lifecycle, including financing solutions for higher education abroad, in India, and skill enhancement loans.
Brand Ethos
Gainda emphasized Avanse’s commitment to ensuring that no deserving student misses out on quality education due to financial constraints, regardless of their social background or co-borrower’s financial status.
Asset Management
As of December 2023, Avanse’s assets under management (AUM) stand at an impressive Rs 12,147 crore, reflecting its substantial market presence and growth trajectory.
Forward Momentum
Narendra Ostawal, Managing Director and Head of India at Warburg Pincus, commended Avanse for its mission to democratize education in India and expressed excitement about collaborating with Mubadala Investment Company to advance Avanse’s long-term objectives.
Conclusion
The significant funding secured by Avanse Financial Services underscores its dedication to empowering students through accessible and affordable education financing solutions.
With strategic partnerships and a steadfast commitment to its mission, Avanse is poised to continue its trajectory of growth and impact in the education finance landscape.
Read
More On: Thestartupscoup.Com
