Avanse Financial Services - About the company
Avanse Financial Services is an acquired company based in Mumbai (India), founded in 1992. It operates as a Provider of financial services for education including loans and refinancing. Avanse Financial Services has raised $300M in funding from investors like IFC, Kedaara and Mubadala, with last known valuation of $*****. The company has 126 active competitors, including 14 funded and 12 that have exited. Its top competitors include companies like Auxilo, Home Credit and CreditWise Capital.
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
Last Known Valuation
$***** as on Mar 22, 2024
Ranked
2nd among 126 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
828 as on Feb 28, 2025
Similar Companies
Exit Details
Acquired by Warburg Pincus (Mar 16, 2019)
Legal entities associated with Avanse Financial Services
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's acquisition details
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
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Avanse Financial Services's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 21, 2025 | 1774025 | Conventional Debt | 3905005 | 8520906 | 5718324 | 5910004 |
Mar 22, 2024 | 5201565 | Series C | 4166136 | 9846330 | 6836906 | |
Oct 16, 2023 | 6697891 | Conventional Debt | 5792662 | 9924486 | 5526084 | 2626764 |
Access funding benchmarks and valuations. Sign up today!View details of Avanse Financial Services's funding rounds and investors
Avanse Financial Services' founders and board of directors
Founder? Claim ProfileAvanse 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 |
|---|---|---|---|---|
yecnsim | Team | - | Current | 3y 3m |
emgelrd | Team | - | Past | 2y 6m |
Investor | Kedaara | Current | 2y 1m | |
Investor | Kedaara | Current | 2y 1m | |
geopigo | Investor | rjpbuay | Current | 3y 2m |
Independent board member | - | Current | 1y 5m | |
egogrtq | Independent board member | - | Current | 3y 9m |
ptxkprl | Independent board member | - | Current | 7y 2m |
ulrwods | Independent board member | - | Current | 1y 6m |
svkcqkn | Independent board member | - | Current | 5y 4m |
iqawbib | Independent board member | - | Past | 3y 5m |
wecgzjw | Independent board member | - | Past | 4y 2m |
txpxqul | Independent board member | - | Past | 6y 6m |
pjexaye | Independent board member | - | Past | 8y 4m |
qzxlvoe | Independent board member | - | Past | 3y 8m |
{wrlcsl | Independent board member | - | Past | 1y 7m |
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:
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Avanse Financial Services's Competitors and alternates
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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of financial products focused on education loans and related services | $127M | 71/100 | ||
2nd |  Avanse Financial Services 1992, Mumbai (India), Acquired | Provider of financial services for education including loans and refinancing | $300M | 69/100 | |
3rd |  Home Credit 2012, Gurugram (India), Acquired | Chains providing consumer finance products and credit solutions | - | 69/100 | |
4th |  CreditWise Capital 2018, Mumbai (India), Series A | Provider of technology driven consumer finance and vehicle insurance products | $36.4M | 67/100 | |
5th | Provider of school and student loan solutions | $89.5M | 65/100 | ||
6th |  Kaabil Finance 2017, Jaipur (India), Seed | Online platform for consumer and business loans | $3.98M | 64/100 | |
7th | Provider of financial resources for students pursuing higher education programs | - | 61/100 | ||
8th | Provider of gold loans and personal loans to individual borrowers | - | 60/100 | ||
9th | Shriram Capital 1974, Chennai (India), Series E | Provider of vehicle and auto loans | $851M | 59/100 | |
10th | Provider of private student loans and education financing solutions | $70.2M | 58/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Avanse Financial Services's competitors? Click here to see the top ones
Avanse Financial Services's Latest cap tables and shareholding
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 | 1542052 | 3100154 | 2900186 | 2614833 |
3218930 | 4297908 | 8873414 | 9855904 | 6036259 | 6588106 | |
3657805 | 5000291 | 6050763 | 3858359 | 8104634 | 5419889 | |
4 | 7 | 6 | 6 | 6 | 4 | |
Parent Entity | 57.34% | 5,200Cr | 9949344 | 3810518 | 6419808 | 7338240 |
Enterprise | - | 0 | 0 | 0 | 0 | 0 |
Angel | - | 0 | 0 | 0 | 0 | 0 |
ESOP Pool | 3.34% | 310Cr | 170 | 522 | 611 | 347 |
Total | 99.99% | 9,070Cr | 6798859 | 2578835 | 4699414 | 3288228 |
To unlock detailed Cap Table of Avanse Financial Services Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Avanse Financial Services's Shareholding
Avanse Financial Services's Investments and acquisitions
Avanse Financial Services has made no investments or acquisitions yet.
Reports related to Avanse Financial Services
Here is the latest report on Avanse Financial Services's sector:
News related to Avanse Financial Services
Filter this listMedia has covered Avanse Financial Services for a total of 6 events in the last 1 year, 2 of them have been about company updates.
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Avanse Financial Services Introduces Avanse EdSure & Avanse EdSure+The Tribune•Jul 20, 2026•Avanse Financial Services
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Indian fintechs skip Series C as IPO route gathers paceIndiatimes•Mar 03, 2026•Avanse Financial Services, FlexiLoans, Auxilo
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HDFC Life & Avanse Financial Services Collaborate to Secure Customers FinanciallyOnline Media Cafe•Aug 29, 2025•Avanse Financial Services, HDFC Life
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Avanse secures $200M ECB for education loans to poor studentsNew Indian Express•Aug 21, 2025•Avanse Financial Services, DBS Bank, HSBC, HSBC
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Avanse partners with AWS to expand technology skills access for Indian studentsExpress Computer•Jul 30, 2025•Avanse Financial Services, Amazon Web Services
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