Mubadala Investment Company, the sovereign investor of Abu Dhabi, announced an investment in AVANSE Financial Services Ltd.
Which is a technologically advanced Indian non-banking financial company (NBFC) focused on education services.
Mubadala led a funding round for AVANSE through its Aventicum PE Investment Advisors Pvt. Ltd., via the Aventicum Future Leaders Fund II.
Mubadala investment aims to:
- Strengthen AVANSE’s position in the fast-growing education financing sector.
- Focus on delivering exceptional customer experiences.
- Achieve profitable and sustainable growth.
This is Mubadala’s first investment in the Indian financial services sector within the education financing space.
It is also a part of the company’s plan to double its presence in Asia by 2030.
About AVANSE
- The second-largest NBFC in education financing in India.
- Has empowered the academic dreams and aspirations of students across India for a decade.
- Contributed to growth and provided capital to educational institutions.
- Had a total asset value of approximately 5.5 billion dirhams in December 2023.
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Luca Molinari, Head of Asia and Financial Services at Mubadala, commented:
“AVANSE is a well-established leader, it will continue its mission of empowering India’s young generation.
Mubadala is pleased to partner with AVANSE’s management and leading institutions like Warburg Pincus, Kedaara Capital, and IFC.
Mubadala looks forward to fostering further growth in the region.”
Amit Genade, Managing Director and Chief Executive Officer of AVANCE Financial Services, commented:
“We welcome our new strategic investors, who share with us the approach and vision to strengthen India’s education finance sector.
We also appreciate the continued support of our current shareholders Warburg Pincus, Kidara Capital and IFC education.”
They are well aware of the significant impact of making education financing available and affordable.
They also trust our brand and our firm belief that every student deserves the right opportunity for education.
This capital will enable us to enhance our brand presence, integrate digital solutions and innovation.
In order to achieve greater impact within our range of services, as well as greater value for investors and stakeholders. ”
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