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 Digital Lending. In India, the Digital Lending sector has seen $1.59B 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 135 active competitors, of which 15 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

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 135 active competitors, including 15 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

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

Last Known Valuation

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

Investors

IFC & 37 more

Ranked

2^nd among 135 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

828 as on Feb 28, 2025

Similar Companies

Prodigy Finance & 89 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	Reports
AVANSE GLOBAL FINANCE IFSC PRIVATE LIMITED CIN: U65900GJ2023PTC138316 , India, Active	Jan 11, 2023	₹10 - ₹50 Cr (As on Mar 31, 2026)	4 (As on Feb 28, 2025)
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 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	3596712	Conventional Debt	4028245	1111493	6454418	4679611
Mar 22, 2024	3406853	Series C	8926614	3710827	5326137	Avendus
Oct 16, 2023	4020477	Conventional Debt	7846022	5274243	8716409	5593460

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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
qcdgmza	Team	-	Current	3y 5m
hvoiwlu	Team	-	Past	3y 1m
Sunish Sharma	Investor	Kedaara	Current	2y 4m
Hemant Omprakash Mundra	Investor	Kedaara	Current	2y 4m
pshcciv	Investor	jvkyjou	Current	3y 3m
Rakesh Induprasad Bhatt	Independent board member	-	Current	1y 7m
{noeuyx	Independent board member	-	Current	1y 5m
vvobcwo	Independent board member	-	Current	8y 9m
ounzytg	Independent board member	-	Current	8y 7m
dhkgsfj	Independent board member	-	Current	7y 3m
ferbmnv	Independent board member	-	Past	3y 9m
wxtau{k	Independent board member	-	Past	3y 3m
ncctcbo	Independent board member	-	Past	2y 7m
gwrh{{e	Independent board member	-	Past	7y 8m
mrxrcek	Independent board member	-	Past	4y 7m
jttdgr{	Independent board member	-	Past	5y 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:

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 education financing solutions for students and educational institutions	$127M	Balrampur Chini Mills, Tata Capital Growth Fund ... & 20 others	70/100
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 & 58 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	Propelld 2017, Bengaluru (India), Series D	Provider of private student loans and education financing solutions	$70.2M	WestBridge Capital, Stellaris Venture Partners ... & 57 others	61/100
8th	Shriram Capital 1974, Chennai (India), Series E	Provider of vehicle and auto loans	$851M	Novus, TPG & 20 others	61/100
9th	Arvog 1984, Mumbai (India), Acquired	Provider of gold loans and personal loans to individual borrowers	-	Franklin Templeton India	60/100
10th	LEO 1 2017, Mumbai (India), Series B	Provider of alumni network platform with banking, rewards, and connection features	$35.1M	PitchRight Ventures, 100Unicorns & 139 others	57/100

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AVANSE FINANCIAL SERVICES LIMITED, the legal entity associated with Avanse Financial Services, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of AVANSE FINANCIAL SERVICES LIMITED has a compounded annual growth rate (CAGR) of 36% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	2275	5460	6141	7732	4890
Total Expenses	3320	1464	6515	7803	2416
Operating Expenses	7658	2928	7502	8023	3960
Operating Income (EBIT)	9808	2639	5732	6606	7488
Interest Expenses	9263	6709	1799	4432	2139
Taxes	6730	4148	3393	5902	8973
Net Profit	1234	8665	8889	7746	4854
Balance Sheet
Assets	7299	8867	6413	7944	6157
Accounts Receivables	2879	1649	3807	1180	6206
Liabilities	5356	2965	8777	1354	6042
Total Debt	5255	5231	8005	5167	3711
Accounts Payable	9996	9175	4798	4608	1522
Equities	5867	2272	7382	8929	9005

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Funds own 39.31%, Parent Entities (largest shareholder) own 57.34%, Enterprises own 0.00% and Angels own 0.00%. The cap table displayed below is for AVANSE FINANCIAL SERVICES LIMITED which is the legal entity associated with Avanse Financial Services.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Fund	39.31%	3,560Cr	1961376	5531891	4169669	5923781
Kedaara	1949586	3882596	8028905	8517340	9270161	7106653
Mubadala	5441380	9503424	5201569	8935332	3419310	7481271
Avendus	3	8	6	3	7	6
Parent Entity	57.34%	5,200Cr	3204132	7036844	6253693	2888406
Enterprise	-	0	0	0	0	0
Angel	-	0	0	0	0	0
ESOP Pool	3.34%	310Cr	303	293	759	260
Total	99.99%	9,070Cr	7511833	2285007	3710713	4798078