Private Equity PE Fund Investments
Education loans firm Avanse raises Rs 800-Cr from Kedaara Capital
Kedaara Capital will invest INR 800 crore in Mumbai-based Avanse Financial Services Ltd, an education loans focused non-banking financial company (NBFC). The fresh funds will be used to expand the firm's outreach to a larger number of students. Avendus Capital acted as the exclusive financial advisor for the transaction, and Khaitan & Co, as the legal counsel to Kedaara Capital.
As of December 2022, the company's AUM stands at INR 8,000 crore. Warburg Pincus continues to be the majority shareholder in Avanse.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Feb 13 and Sep 22, Avanse Financial Services had raised over USD 218 M from IFC And Warburg Pincus (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)