Auxilo Finserve, a leading non-banking finance company (NBFC) focused on providing education finance in India, has raised $57 million in a recent fundraising round. The capital infusion has been led by Tata Capital Growth Fund II, Trifecta Leaders Fund – I, and Xponentia Opportunities Fund – II, along with existing shareholder ICICI Bank Limited.
The funds will be used to expand Auxilo’s loan book, broaden its product offerings, and provide innovative financial solutions to its customers. The company plans to use the funds to expand its reach to more students and parents across India. It also plans to launch new products and services, such as post-graduate education loans and personal loans for students.
Auxilo Finserve was founded in 2015 by Akash Bhanshali and Balrampur Chini. The company has since disbursed over $1 billion in education loans to over 100,000 students. Auxilo is one of the leading education finance companies in India, and it is well-positioned to continue growing in the years to come.
The investment in Auxilo is a sign of confidence in the Indian education sector.
The Indian education sector is growing rapidly, and there is a growing demand for education loans. Auxilo is well-positioned to capitalize on this growth, and the investment from Tata Capital, Trifecta, and Xponentia is a vote of confidence in the company’s future.
The investment is also a sign of the growing interest in the Indian NBFC sector.
The Indian NBFC sector is a dynamic and growing sector, and there is a growing interest from investors in the sector. The investment in Auxilo is a sign of this growing interest, and it is likely to encourage other investors to invest in the Indian NBFC sector.
