Mubadala invests in Indian firm Avanse

Mubadala Investment Company (Mubadala), the Abu Dhabi based investment company announced on Tuesday that it is investing in Avanse Financial Services (Avanse), India’s new age, technologically advanced, education-focused non-banking financial company (NBFC).

Mubadala led this round of funding through its affiliate Alpha Investment Company with participation from Avendus PE Investment Advisors Private Limited via its fund Avendus Future Leaders Fund II.

The funds will enable Avanse to strengthen its position in the rapidly evolving education financing segment, focusing on creating unique customer experiences and achieving sustained profitable growth. This investment marks Mubadala’s first in the financial services sector in India and is part of a plan to double the company’s exposure in Asia by 2030.

Avanse is the second largest NBFC in the education finance space in India and has been on a strong growth trajectory as it plays a transformational role in the education financing sector and has fulfilled the educational dreams of Indian academic aspirants across various countries. The company has also provided growth and working capital to Indian educational institutions As of December 2023, the company’s AUM stands at Dhs5.5 billion.

“Avanse will continue to enable young generations of Indian students to fulfil their aspirations. We are thrilled to partner with Amit and the management team of Avanse alongside institutions of the caliber of Warburg Pincus, Kedaara Capital and the IFC.”