About Avanse
Avanse is a Financial Services company based in Mumbai (India) founded in 1992, and was acquired by Warburg Pincus in March 2019. It operates as a financial services for education loans and refinancing are provided. It operates in the Financial Services and Education sectors. Avanse has raised $276.15 million across 15 funding rounds from investors including HSBC, DBS Bank and Avendus. Avanse was last valued at $1.08 billion in March 2024. Its chief executive is Amit Gainda. Its website avanse.com draws about 170 thousand monthly visits. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Varthana, Auxilo, Neev Finance, Kashmir Finance and Vidyashri and 3 more; 2 of its 8 listed competitors have raised funding.
Company details
Avanse Financial Services was founded in 1992 and is headquartered in Mumbai, India. Operations focus on the financial services sector, with products tailored for education. Loans and refinancing options are extended to students pursuing higher education, skill enhancement programs, and executive education. Financial assistance is also provided to educational institutions to support their activities.
- Headquarters Mumbai, India
- Stage Acquired
- SectorsFinancial ServicesEducation
- Email••••••••
- Phone•••• ••••
- Website avanse.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Warburg Pincus (Mar 2019)
- Total Equity Funding$276.15M (USD)
in 15 rounds
- Latest Funding Round$200M (USD), Debt – Conventional
Aug 2025
- InvestorsHSBC
& 19 more
- Acquired byWarburg Pincus
(Mar 2019)
Associated legal entities of Avanse
Avanse is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avanse Global Finance Ifsc Private Limited CIN U65900GJ2023PTC138316 | Active | 11 Jan 2023 | Gift Sez, Gujarat | ₹1.4 Cr | 2 | 5 | View details |
| Avanse Financial Services Limited CIN U67120MH1992PLC068060 | Active | 07 Aug 1992 | Mumbai, Maharashtra | ₹2,352 Cr | 723 | 15 | View details |
Apps and channels of Avanse
its YouTube channel Avanse Financial Services has 82.3K subscribers and 30 videos.
Videos from Avanse
The most watched videos on Avanse's YouTube channel, Avanse Financial Services (82.3K subscribers). Click a video to play it here.
More on Avanse Financial Services.
Funding Insights of Avanse
Avanse has successfully raised a total of $276.15M across 15 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $200 million completed in August 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $276.15M
- Total Rounds 15
- Last Round Debt – Conventional — $200M
- First Round $55,990
(Mar 2006)
- Investors Count 19
Latest 10 of 15 funding rounds of Avanse with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | $200M | Debt – Conventional | – | – | |
| Mar 2024 | $119.83M | Series C | $1.08B | Mubadala | |
| Oct 2023 | $145M | Debt – Conventional | – | – | – |
| Jan 2023 | $96.8M | Series C | $633.47M | Kedaara | – |
| Sep 2020 | $15M | Debt – Conventional | – | – | |
| Jul 2020 | $33.45M | Debt – Conventional | – | – | – |
| Aug 2019 | $8.68M | Series B | $••••• | IFC | – |
| Mar 2018 | $39.27M | Series B | $••••• | – | |
| Jul 2017 | $11.51M | Series B | $••••• | – | |
| Mar 2016 | $5.95M | Unspecified | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2024 | $1.08B | •••••••• |
| Jan 2023 | $633.47M | •••••••• |
| Aug 2019 | $••••• | •••••••• |
| Mar 2018 | $••••• | •••••••• |
| Jul 2017 | $••••• | •••••••• |
| Mar 2016 | $••••• | •••••••• |
| Mar 2015 | $••••• | •••••••• |
| Jul 2013 | $••••• | •••••••• |
Full valuation and stage history of Avanse
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Last known valuation $1.08B (Mar 2024). 20 investors in total: 11 institutional and 9 angel.
Investors in Avanse
Avanse has secured backing from 20 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include HSBC, DBS Bank and Avendus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on growth companies | – | kedaara.com | Ebene City, Mauritius | |
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | - | |
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Sovereign wealth fund of United Arab Emirates | 2002 | mubadala.com | Abu Dhabi, United Arab Emirates | |
Corporate advisory and investment services are provided to clients. | 1999 | avendus.com | Mumbai, India | |
Long-term commercial loans are provided to middle-market businesses and funds. | 2003 | worldbusinesscapital.com | Hartford, United States | |
Residential and commercial properties are developed in Mumbai, India. | 2012 | thewadhwagroup.com | Mumbai, India | |
Various consumer, housing, and business loans are offered. | 1984 | piramalfinance.com | Mumbai, India | |
- | – | omprocurmentproject.tcc.mode | - | |
A leading bank in Singapore, offering diverse financial services. | 1968 | dbs.com.sg | Singapore, Singapore |
Investor details for Avanse
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Avanse
The boards of the 2 registered companies of Avanse currently have 14 directors; the longest-serving is Savita Mahajan, appointed in 2018. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Savita Mahajan DIN 06492679 | Director | 01 Dec 2018 | 7 yrs 10 mo | Avanse Financial Services Limited |
| Narendra Ostawal DIN 06530414 | Director | 30 Jul 2019 | 7 yrs 2 mo | Avanse Financial Services Limited |
| Vijayalakshmi Rajaram Iyer DIN 05242960 | Director | 30 Jul 2019 | 7 yrs 2 mo | Avanse Financial Services Limited |
| Neeraj Swaroop DIN 00061170 | Director | 30 Jul 2019 | 7 yrs 2 mo | Avanse Financial Services Limited |
| Ravi Venkatraman DIN 00307328 | Director | 05 Jul 2021 | 5 yrs 3 mo | Avanse Financial Services Limited |
| Rajesh Pravinkumar Gandhi DIN 00004418 | Company Secretary | 11 Nov 2022 | 3 yrs 11 mo | Avanse Financial Services Limited |
| Yogesh Rawat DIN 09857254 | Director | 11 Jan 2023 | 3 yrs 9 mo | Avanse Global Finance Ifsc Private Limited |
| Amit Gainda DIN 09494847 | Whole-time director | 11 Jan 2023 | 3 yrs 9 mo | Avanse Global Finance Ifsc Private Limited, Avanse Financial Services Limited |
| Vikrant Virendra Gandhi DIN 10521442 | CFO | 21 Feb 2024 | 2 yrs 7 mo | Avanse Global Finance Ifsc Private Limited |
| Sunish Sharma DIN 00274432 | Nominee Director | 01 Jul 2024 | 2 yrs 3 mo | Avanse Financial Services Limited |
| Hemant Omprakash Mundra DIN 08192978 | Nominee Director | 01 Jul 2024 | 2 yrs 3 mo | Avanse Financial Services Limited |
| Luca Molinari DIN 10615114 | Nominee Director | 01 Jul 2024 | 2 yrs 3 mo | Avanse Financial Services Limited |
| Rakesh Induprasad Bhatt DIN 02531541 | Director | 08 Mar 2025 | 1 yr 7 mo | Avanse Financial Services Limited |
| Mohamed Ibrahim Abdulla Abdul Azeez Al Mubarak DIN 11813669 | Nominee Director | 21 Jul 2026 | 3 mo | Avanse Financial Services Limited |
People of Avanse
66 people are tracked at Avanse (31 in leadership, 6 in board & advisors, 29 in team).
| Name | Role | Group |
|---|---|---|
| CEO & Managing Director | Leadership | |
Rajiv Kumar | Chief Compliance Officer | Leadership |
Sorabh Malhotra | Chief Risk Officer | Leadership |
Samir Mohanty | Chief Technology & Digital Transformation Officer | Leadership |
Victor Samuel | Vice President | Leadership |
Yogita Hiranandani | Deputy VICE President (lead/head) – Learning & Development | Leadership |
Rajesh Kachave | Chief Business Officer, Student Lending & Insurance Business | Leadership |
Tarang Shah | Vice President - Lead Data Science | Leadership |
Ganesh Iyer | Chief Audit Officer | Leadership |
Amit Yadav | Chief Strategy Officer & Chief Business Officer, Digital Business | Leadership |
Soumitrie Mohanty | Chief Data Officer | Leadership |
| COO | Leadership | |
Raseel Bhagat | Chief Technology & Product Officer (ctpo) | Leadership |
Sahil Khimavat | Assistant Vice President- Domestic Education Loan And Strategy | Leadership |
| CFO | Leadership | |
Anuj Bindal | Head Credit Risk | Leadership |
Saurabh Gattani | Head Corporate Planning | Leadership |
Mithun Shankar Pillai | Senior Vice President - Head - Process & Sales Governance | Leadership |
Pankaj Mishra | Head Of Policy & Portfolio Risk | Leadership |
Anand Gujarathi | Vp-national Manager Affinity And Head Channels | Leadership |
46 more people are available in the full profile.
Complete people profiles for Avanse
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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Financials of Avanse
Figures of Avanse Global Finance Ifsc Private Limited, the primary company behind Avanse, for FY 2025. Revenue was ₹1.43 Cr (+80% year on year). Net loss was -₹2.03 Cr (-142% margin). EBITDA was -₹1.54 Cr (-108% margin).
- ₹1.43 CrRevenue · FY 2025 · +80% YoY
- -₹2.03 CrNet loss · -142% margin
- -₹1.54 CrEBITDA · -108% margin
- ₹97.57 CrPaid-up capital
- 2Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Avanse Global Finance Ifsc Private Limited are on its company page.
Detailed financial statements for Avanse
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Avanse
6 dated milestones of Avanse across 33 years, from founding to its latest funding, stage changes and deals.
- Founded Avanse is founded.
- Funding First funding round of $56K.
- Milestone Reaches Minicorn status.
- Exit Acquired by Warburg Pincus.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $200.0M.
Competitors of Avanse
Avanse has 8 listed competitors in our database, 2 of them funded. They include Varthana, Auxilo, Neev Finance, Kashmir Finance and Vidyashri, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| varthana.com | 2013 | Bengaluru, India | $89.46M | 765 | School and student loan solutions are provided for educational needs. | |
| auxilo.com | 2017 | Mumbai, India | $127.05M | 459 | Financial products for education loans and services are provided. | |
| neevfinance.com | 2016 | Bengaluru, India | – | 9 | Short-term loans for K-12 school fees are offered to parents. | |
| ksfi.co.in | 2012 | Mumbai, India | – | – | Offers fast and easy student loans for education across India. | |
| vidyashri.com | 2019 | Chennai, India | – | – | Provides comprehensive solutions for education loans to support student financing. | |
| springboardfin.com | 2011 | Mumbai, India | – | – | Provides student loans tailored for vocational training programs. | |
| india2usa.com | 2003 | Hyderabad, India | – | – | Educational consultancy providing counseling and assistance for USA study programs. | |
| onlineeducationloan.in | 2019 | Haryana, India | – | – | Provides comprehensive solutions for education loans to support students and institutions. |
Detailed competitors of Avanse
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Web traffic of Avanse
The website of Avanse (avanse.com) receives about 170K visits a month.
- Monthly visits170K
▲ 3.8% vs previous month
Websites whose visitors overlap most with Avanse. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| credila.com | 100% | 266.5K | #103,619 | View details | |
| auxilo.com | 88% | 19.3K | #1,198,951 | View details | |
aecoverseas.com | aecoverseas.com | 85% | – | #571,805 | – |
berlin-international-college.de | berlin-international-college.de | 84% | – | #3,128,175 | – |
shl.ch | shl.ch | 84% | – | #1,824,365 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Avanse
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Top companies in Consumer and SME Loans
10 companies that operate in the same segment as Avanse (Consumer and SME Loans), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Synchrony is engaged in providing credit cards and banking services. | 1993 | Salem, United States | USD 25 M | USD 19.12 B | 20,000 | |
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,381 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | – | USD 1.9 B | 36,520 | |
Financial solutions including loans and insurance are offered. | 2007 | Pune, Maharashtra, India | – | USD 15.24 B | 126 | |
Household and business loans are provided with risk management support. | 2006 | Chennai, Tamil Nadu, India | USD 283.47 M | USD 288.73 M | 1,100 | |
Online gold, home, personal, and business loans are provided. | 1995 | Mumbai, Maharashtra, India | – | USD 1.38 B | 38,720 | |
An online lending platform for point-of-sale financing is provided. | 2013 | Bengaluru, Karnataka, India | USD 205.92 M | USD 3.93 M | 499 |
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Related news about Avanse
Complete news archive for Avanse
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Frequently Asked Questions about Avanse
Avanse was founded in 1992 and raised its 1st funding round 14 years after it was founded.
Avanse is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Amit Gainda is the current CEO of Avanse.
Avanse is a funded company, having raised a total of $276.15M across 15 funding rounds to date. The company's 1st funding round was a Unspecified of $5.95M, raised on Mar 2006.
Avanse Financial Services was founded in 1992 and is headquartered in Mumbai, India. Operations focus on the financial services sector, with products tailored for education. Loans and refinancing options are extended to students pursuing higher education, skill enhancement programs, and executive education. Financial assistance is also provided to educational institutions to support their activities.
Avanse's top competitors include Auxilo, Varthana and Neev Finance.
Avanse has 20 investors. Key investors include HSBC, DBS Bank, Avendus, International Finance Corporation, and Piramal Finance.
The valuation of Avanse is $1.08B as of Mar 2024.
Avanse is associated with 2 legal entities: Avanse Global Finance Ifsc Private Limited, Avanse Financial Services Limited.
Yes. Avanse was acquired by Warburg Pincus in March 2019.
The legal entities of Avanse currently have 15 directors, including Vikrant Virendra Gandhi, Khushboo Amitkumar Bhalala, Yogesh Rawat and others.
The website of Avanse receives about 170 thousand visits a month.