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Avanse Raises ₹1,000 Crore In Funding Round Led By Mubadala

by livemint.com posted 1month ago 27 views
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The funds will help the company strengthen its brand, incorporate digital solutions, and expand product offerings. : BENGALURU : Warburg Pincus-backed Avanse Financial Services Ltd, a non-banking financial company (NBFC), has raised ₹1,000 crore in equity from Abu Dhabi's Mubadala Investment Co and Avendus PE Investment Advisors, via its fund Avendus Future Leaders Fund II. “The fund infusion will enable Avanse to strengthen its position in the rapidly evolving education financing segment by focusing on creating unique customer experiences and achieving sustained profitable growth," the company said in a statement on Tuesday.

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