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.
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.)
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