Live Breaking News & Updates on 000 Courses In Over 50 Countries The Company Also Provided Growth And Working Capital To 1000 Educational Institutes Catering 5 6 Lakh Students Amit Gainda

Mumbai (Maharashtra) [India], January 19 (ANI/PRNewswire): Avanse Financial Services Ltd. (Avanse), India's new age, technologically advanced, education-focused non-banking financial company (NBFC), today announced that Kedaara Capital, a leading private equity firm, will infuse Rs 800 Cr. in Avanse to fund its strong secular growth. The fund-raise will be deployed to expand its presence and outreach to a larger number of deserving Indian students enabling them to fulfill academic aspirations and towards greater development of the Indian education ecosystem. Warburg Pincus continues to be the majority shareholder in Avanse. Avanse has been on a strong growth trajectory, playing a transformational role in the education financing segment. The company's AUM stands at ~Rs 8,000 Cr. as of December 2022, reporting a 1.9x growth over the same period last fiscal. During 9MFY2023, Avanse witnessed the highest-ever growth in its loan disbursement of ~Rs 4,850 Cr., delivering ~2.5x growth ....

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