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Tata Cap, Trifecta, Xponentia lead Auxilo fundraise
Mint Mumbai
|July 26, 2023
Education-focused nonbanking finance company Auxilo Finserve Pvt. Ltd said on Tuesday it has raised ₹470 crore (about $57 million) as primary equity capital in its recent funding round.
The round was led by Tata Capital Growth Fund II, Trifecta Leaders Fund-I and Xponentia Opportunities Fund - II. Xponentia has committed to invest ₹110 crore in Auxilo.
Existing investor ICICI Bank Ltd also took part in the fundraise. The lender had invested ₹51 crore in the education financing firm in November 2020. Prior to this, Auxilo had raised ₹37.5 crore from Balrampur Chini Mills in 2018.
The closure of the transaction is subject to necessary regulatory approvals.
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