Debt financing
Education loans provider Auxilo secures Rs.50-Cr from Motilal Oswal
Mumbai based education-focused non-banking financial corporation (NBFC) Auxilo has raised INR 50 crore in debt from Motilal Oswal by the way of allotment of 5,000 Non-Convertible Debentures (NCDs) at a face value of INR 1,00,000.Founded in 2017 by Neeraj Saxena, Auxilo Finserve provides education loans to students for higher studies in India and abroad and to educational institutes for infrastructure modernization.
Between March 2020 and July 2024, Auxilo Finserve had raised about USD 115.17 M from LeapFrog, Trifecta Capital, Xponentia Capital, ICICI Bank, Tata Capital Growth Fund and others.
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