Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, announced its investment in Avanse Financial Services Limited, a technologically advanced Indian non-banking financial company focused on education financing. Mubadala led a funding round for the company through Avendus PE Investment Advisors Private Limited, via the second Avendus Future Leaders Fund.
This investment will enable Avanse to strengthen its position in the rapidly growing education finance sector, focusing on delivering enhanced customer experiences and achieving profitable, sustainable growth.
This marks Mubadala’s first investment in India’s financial services sector within education financing and is part of the company’s plan to double its presence in Asia by 2030.
Avanse is India’s second-largest non-banking financial company in education financing. Over its decade-long journey, the company has helped students across India realize their academic aspirations while supporting growth and capital provision for educational institutions. As of December 2023, the company’s assets were valued at approximately AED 5.5 billion.
Luca Molinari, Head of Asia and Financial Services at Mubadala, said:
“Avanse is a well-established and leading company that continues to empower young generations in India to achieve their goals and aspirations. We are delighted to partner with Amit and the company’s management team, alongside other distinguished institutions such as Warburg Pincus, Kidara Capital, and IFC, and we look forward to further supporting the company’s growth in the region.”
Narendra Ostwal, Managing Director and Head of Warburg Pincus India, added:
“Avanse has become one of India’s leading education financing companies, thanks to its vision of expanding educational opportunities in the country. As long-term growth investors, we are committed to supporting Amit and his team in continuing to scale the company—a commitment that underpins our partnership. We are also pleased to collaborate with Mubadala Investment Company to further support Avanse’s long-term objectives.”
Amit Jhinad, Managing Director and CEO of Avanse Financial Services, stated:
“We welcome our new strategic investors who share our vision to enhance the education finance sector in India. We also deeply value the continued support of our existing shareholders—Warburg Pincus, Kidara Capital, and IFC—who recognize the importance of making education finance accessible and affordable. This investment will allow us to strengthen our brand presence, integrate digital solutions and innovations to increase our impact, and deliver greater value to our investors and stakeholders.”
