Auxilo Finserve Raises Rs 279 Crore to Boost Student Lending Portfolio

Auxilo Finserve, an education-focused NBFC, announced it is raising Rs 279 crore from investors including LeapFrog Investments. The new round of equity funding aims to expand Auxilo's student lending portfolio. The investment will enhance customer reach, technological infrastructure, and institutional lending. Existing investors Trifecta Leaders Fund-I and Xponentia Opportunities Fund-II will also participate.

Auxilo Finserve, the education-focused non-banking financial company (NBFC), has announced plans to raise Rs 279 crore from a group of investors, including LeapFrog Investments, in a fresh round of equity funding. This move aims at expanding its student lending portfolio.

Private equity firm LeapFrog Investments is contributing USD 30 million to the current round through its investment vehicle, Jade Inclusion Ltd, according to an official statement from Auxilo Finserve. The round will also see participation from existing investors, Trifecta Leaders Fund-I and Xponentia Opportunities Fund-II.

Neeraj Saxena, MD & CEO of Auxilo, said, 'LeapFrog's commitment to social impact aligns perfectly with our vision of empowering individuals through education. This investment, along with continued support from our existing investors, will enhance our ability to support students in achieving their academic dreams.'

The infusion of new capital will be used to expand Auxilo's customer reach, enhance student funding, incorporate advanced technological infrastructure across its business processes, and boost its institutional lending segment. Definitive agreements have been signed with the investors, and the transaction is expected to close in the near future.

(With inputs from agencies.)