Debt financing
Education loans provider Eduvanz raises Rs.50-Cr
Eduvanz, a fintech startup that provides education loans, has raised INR 50 crore in a debt round of funding with participation from MAS, Vivriti, Oxyzo, and Unifi AIF. The company had total assets under management (AUM) of INR 288.4 crore as of December 2021. It intends to have 70% of the AUM on an off-balance sheet, as against the current 62%.
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