PE Fund Investments
Lender to students Auxilo raises $33-M led by Leapfrog
Mumbai-based, education-focused non-banking financial company (NBFC) Auxilo Finserve has raised INR 279 crore (about USD 33 million) led by LeapFrog Investments. While Leapfrog infused USD 30 million, an additional USD 3 million came from the company’s existing investors Trifecta Leaders Fund-I and Xponentia Opportunities Fund-II.Auxilo Finserve, founded in 2017, claims to have funded 7,500+ students across more than 900 universities in over 25 countries. It has also provided finance to 150+ educational institutes for their infrastructure expansion and working capital requirements.
Between Mar-20 and July-23, Auxilo Finserv had raised over USD 70 M from Xponentia Capital, Tata Capital Growth Fund, Trifecta Capital and ICICI Bank.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
