Auxilo Finserve, a leading education-focused non-banking financial company (NBFC), has successfully raised βΉ100 crore (approximately $12 million) through a debt financing round. This strategic move aims to bolster its mission of providing accessible education financing solutions.β
Instrument: Non-Convertible Debentures (NCDs) at an issue price of βΉ1,00,000 each
Total Amount Raised: βΉ100 crore (~$12 million)
Key Investors:
Dezerv Securities: βΉ26.39 crore
MAS Financial Services: βΉ25 crore
CredAvenue Securities (Yubi): βΉ25 crore
Tenure & Interest Rates:
MAS Financial & CredAvenue: 36 months at 9.65%
Dezerv: 29 months at 9.90%β
Established in 2017, Auxilia specializes in offering education loans for students pursuing studies in India and abroad. Additionally, it provides financial assistance to educational institutions for infrastructure development and working capital needs.β
Key Achievements:
Disbursed education loans to over 12,000 students
Partnered with more than 1,100 universities across 30+ countries
Aims to disburse βΉ25,000 crore in loans to over 150,000 students in the next five yearsβ
Auxilo has demonstrated robust financial performance:β
FY23 Revenue: βΉ174 crore (over 2x YoY growth)
FY23 Profit: βΉ26 crore (doubled from the previous year)β
At Dhan Tax, we understand the intricacies of financial structuring and compliance. Whether you’re a startup seeking funding or an established firm aiming for expansion, our expert team is here to guide you every step of the way.
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