About the deal

The funds raised will enable Auxilo to expand its lending capabilities and strengthen its position as a key player in the NBFC sector to create sustainable value for its stakeholders in the coming years.

Auxilo Finserve Private Limited has announced that it raised INR 470 crores in primary share capital in its recent fundraising round. The capital infusion was led by Tata Capital Growth Fund II, Trifecta Leaders Fund – I and Xponentia Opportunities Fund – II, along with existing shareholder ICICI Bank Limited.

Investec acted as exclusive financial advisor to Auxilo.

About Auxilo

Auxilo Finserve, founded in 2017 and promoted by Mr. Akash Bhanshali (ELME Advisors LLP) & co-invested by Balrampur Chini Mills Ltd, provides loans to students for pursuing education in India or abroad and loans to educational institutions for their infrastructure and working capital needs. The company has funded the aspirations of more than 7,500 students at more than 900 universities in over 25 countries.

It has also provided financing to more than 150 educational institutions for their infrastructure expansion and working capital needs. The capital injection will enable Auxilo to expand its product offerings and enhance its technological capabilities to meet changing customer needs. The company’s assets under management (AUM) grew at a 51% CAGR (Compound Annual Growth Rate) during FY20-23, reaching INR 1,691,000 as of March 31, 2023.