When was Avanse Financial Services founded?

Avanse Financial Services was founded in 1992 and raised its 1st funding round 14 years after it was founded.

Where is Avanse Financial Services located?

Avanse Financial Services is headquartered in Mumbai, India. It is registered at 4th Floor, E-Wing, Times Square, Andheri-Kurla Road, Gamdevi, Marol, Andheri East, Marol Naka, Mumbai, Mumbai, Maharashtra, India, 400059.

Which legal entities is Avanse Financial Services associated with?

Avanse Financial Services is associated with AVANSE FINANCIAL SERVICES LIMITED and 1 other.

How many employees does Avanse Financial Services have?

As of Feb 28, 2025, Avanse Financial Services has 828 employees, reflecting a 26% year-over-year growth in headcount.

Is Avanse Financial Services a funded company?

Avanse Financial Services is a funded company, having raised a total of $300M across 15 funding rounds to date. The company's 1st funding round was a $***** Angel round, raised on Mar 25, 2006.

How much is Avanse Financial Services worth?

The last known valuation of Avanse Financial Services was $***** as of Mar 22, 2024.

When was the latest funding round of Avanse Financial Services?

Avanse Financial Services' latest funding was a $***** Conventional Debt round on Aug 21, 2025, with participation from 2 investors. Its primary sector is Alternative Lending. In India, the Alternative Lending sector has seen $1.01B in funding in 2026 to date.

What is the annual revenue of Avanse Financial Services?

Annual revenue of Avanse Financial Services is more than ₹1,000 Cr as on Mar 31, 2025

Where does Avanse Financial Services rank among its competitors?

Avanse Financial Services ranks 2nd amongst 126 active competitors, of which 14 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Arvog, which secured $5.25M in Jul, 2026.

Who are the top competitors of Avanse Financial Services?

Avanse Financial Services' top competitors include Auxilo, Home Credit and CreditWise Capital. Among them, Arvog secured the most recent funding round in July, 2026.

Avanse Financial Services - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of financial services for education including loans and refinancing. They offer financial products for students pursuing higher education. These products also include options for skill enhancement and executive education. Additionally, they provide financial assistance to educational institutions.

Website: www.avanse.com/
Social
Email ID: *****@avanse.com
Phone Number: +91 **********
Registered Address: 4th Floor, E-Wing, Times Square, Andheri-Kurla Road, Gamdevi, Marol, Andheri East, Marol Naka, Mumbai, Mumbai, Maharashtra, India, 400059

Key Metrics

Founded Year

1992

Location

Mumbai, India

Stage

Acquired

Total Funding

$300M in 15 rounds

Latest Funding Round

Conventional Debt, Aug 21, 2025, $*****

Last Known Valuation

$***** as on Mar 22, 2024

Investors

IFC & 37 more

Ranked

2^nd among 126 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

828 as on Feb 28, 2025

Similar Companies

Prodigy Finance & 93 more

Exit Details

Acquired by Warburg Pincus (Mar 16, 2019)

View Avanse Financial Services' full profile

Avanse Financial Services is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
AVANSE FINANCIAL SERVICES LIMITED CIN: U67120MH1992PLC068060 , India, Active	Aug 07, 1992	₹1,000+ Cr (As on Mar 31, 2025)	886 (As on Aug 01, 2025)
AVANSE GLOBAL FINANCE IFSC PRIVATE LIMITED CIN: U65900GJ2023PTC138316 , India, Active	Jan 11, 2023	0 - ₹10 Cr (As on Mar 31, 2025)	4 (As on Feb 28, 2025)

Avanse Financial Services got acquired by Warburg Pincus on Mar 16, 2019 at an acquisition amount of $*****.

Click here to take a look at Avanse Financial Services's acquisition in detail

Avanse Financial Services has raised a total funding of $300M over 15 rounds. Its first funding round was on Mar 25, 2006. Its latest funding round was a Conventional Debt round on Aug 21, 2025 for $*****. 2 investors participated in its latest round. Avanse Financial Services has 12 institutional investors and 26 angel investors.

Here is the list of recent funding rounds of Avanse Financial Services:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 21, 2025	2261378	Conventional Debt	3115513	1132473	7057094	5600012
Mar 22, 2024	5207562	Series C	7263216	6804136	6902815	Avendus
Oct 16, 2023	1440989	Conventional Debt	8910970	5565815	2032325	6281508

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View details of Avanse Financial Services's funding rounds and investors

Avanse Financial Services' Board of Directors

Avanse Financial Services's board has 10 active members. Sunish Sharma, Hemant Omprakash Mundra, Luca Molinari and Amit Gainda are part of team and Rakesh Induprasad Bhatt, Narendra Ostawal, Neeraj Swaroop, Ravi Venkatraman, Savita Mahajan and Vijayalakshmi Rajaram Iyer are independent board members.

Here is the list of Avanse Financial Services' board of directors:

Name	Type	Representing	Status	Duration
vtteonr	Team	-	Current	1y 5m
nuoaeat	Team	-	Past	8y 3m
Sunish Sharma	Investor	Kedaara	Current	2y 1m
Hemant Omprakash Mundra	Investor	Kedaara	Current	2y 1m
wcjtif{	Investor	iyvjfde	Current	8y 1m
Rakesh Induprasad Bhatt	Independent board member	-	Current	1y 5m
sgs{gzg	Independent board member	-	Current	3y 9m
fokvjng	Independent board member	-	Current	4y 5m
obkrldv	Independent board member	-	Current	5y 9m
rhzwraz	Independent board member	-	Current	2y 8m
xwlmfof	Independent board member	-	Past	9y 8m
xtvkkyt	Independent board member	-	Past	6y 1m
sgpre{d	Independent board member	-	Past	3y 4m
fvwrt{f	Independent board member	-	Past	1y 5m
kulwzsx	Independent board member	-	Past	6y 5m
oaltbbb	Independent board member	-	Past	7y 3m

Avanse Financial Services' employee count trend

Avanse Financial Services has 828 employees as of Feb 25. Here is Avanse Financial Services's employee count trend over the years:

Employee count trend for Avanse Financial Services

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Top competitors of Avanse Financial Services include Auxilo, Home Credit and CreditWise Capital. Here is the list of Top 10 competitors of Avanse Financial Services, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Auxilo 2017, Mumbai (India), Series C	Provider of financial products focused on education loans and related services	$127M	ICICI Bank, Balrampur Chini Mills & 20 others	71/100
2nd	Avanse Financial Services 1992, Mumbai (India), Acquired	Provider of financial services for education including loans and refinancing	$300M	Mubadala, Avendus & 36 others	69/100
3rd	Home Credit 2012, Gurugram (India), Acquired	Chains providing consumer finance products and credit solutions	-	Premji Invest	69/100
4th	CreditWise Capital 2018, Mumbai (India), Series A	Provider of technology driven consumer finance and vehicle insurance products	$36.4M	Trident Growth Partners, Finworld Management ... & 80 others	67/100
5th	Varthana 2013, Bengaluru (India), Series C	Provider of school and student loan solutions	$89.5M	ChrysCapital, Zephyr Management & 57 others	65/100
6th	Kaabil Finance 2017, Jaipur (India), Seed	Online platform for consumer and business loans	$3.98M	2Point2 Capital, DCB Bank & 16 others	64/100
7th	Credila 2006, Mumbai (India), Acquired	Provider of financial resources for students pursuing higher education programs	-	DBS	61/100
8th	Arvog 1984, Mumbai (India), Acquired	Provider of gold loans and personal loans to individual borrowers	-	Franklin Templeton India	60/100
9th	Shriram Capital 1974, Chennai (India), Series E	Provider of vehicle and auto loans	$851M	Novus, TPG & 20 others	59/100
10th	Propelld 2017, Bengaluru (India), Series D	Provider of private student loans and education financing solutions	$70.2M	WestBridge Capital, Stellaris & 57 others	58/100

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Funds own 39.31%, Parent Entities (largest shareholder) own 57.34%, Enterprises own 0.00% and Angels own 0.00%.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Fund	39.31%	3,560Cr	4065740	6581626	5610902	2057597
Kedaara	7550564	4170603	2900259	5079995	7199372	4972561
Mubadala	1799879	2257003	6261830	9294760	2498143	2698820
Avendus	4	6	6	2	5	4
Parent Entity	57.34%	5,200Cr	2590594	3834524	9188954	7694105
Enterprise	-	0	0	0	0	0
Angel	-	0	0	0	0	0
ESOP Pool	3.34%	310Cr	255	764	660	349
Total	99.99%	9,070Cr	8533827	6770241	1687846	5924575