Kedaara Capital Invests $89M In Warburg Pincus-Backed Education Lender

Jan 23, 2023•almost 3 years ago

Amount Raised

$89 Million

Mumbai

Investors

Kedaara CapitalWarburg Pincus

Description

Avanse Financial Services, an education loan company backed by Warburg Pincus, has secured a $98 million investment from Kedaara Capital, a Mumbai-based private equity firm focussed on growth-oriented strategic and minority investments in India, according to a report by DealStreetAsia

Company Information

Company

Avanse Financial Services

Location

Mumbai, Maharashtra, India

About

Avanse Financial Services is a technologically advanced, education-focused NBFC on a mission to provide seamless and affordable education financing for every deserving Indian student. Our financial solutions cover the entire gamut of the education ecosystem ranging from school education to post-graduation & education infrastructure financing. Our Strong Parentage Warburg Pincus, a leading global private equity firm, holds 80% of equity in the company. 20% equity-stake continues to be held by International Finance Corporation (IFC), an arm of World Bank Customized Education Financing Solutions • Higher Education Loans for International Studies • Higher Education Loans for India • Education Loans for E-Learning • School Fee Financing • Education Loans for Vocational Courses Education Infrastructure Financing Solutions Avanse has lending solutions designed to build quality education infrastructure in the country. We have solutions for financing the working and growth capital needs of educational institutes (primarily catering to K12, i.e., schools).

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