Auxilo Finserve Secures ₹279 Crore in Funding Round Led by LeapFrog Investments
Mumbai, India — Auxilo Finserve, a prominent education-focused non-banking financial company (NBFC), announced it has secured ₹279 crore in a new round of equity funding. The funding was spearheaded by LeapFrog Investments, with participation from existing investors Trifecta Leaders Fund-I and Xponentia Opportunities Fund-II.
LeapFrog Investments, known for its “profit with purpose” approach, has committed $30 million (approximately ₹250 crore) through its investment vehicle, Jade Inclusion Ltd. This investment underscores LeapFrog’s dedication to fostering social impact in the education sector.
“LeapFrog’s commitment to social impact aligns perfectly with our vision of empowering individuals through education,” said Neeraj Saxena, Managing Director and CEO of Auxilo Finserve. “This investment, along with continued support from our existing investors, will enhance our ability to support students in achieving their academic dreams.”
The fresh capital will be used to broaden Auxilo’s customer base, enhance student funding capabilities, integrate advanced technological infrastructure across its business processes, and bolster its institutional lending segment, according to the company.
Stewart Langdon, Partner and Head of Digital at LeapFrog Investments, expressed his enthusiasm for the partnership. “With Auxilo, we see a unique opportunity to enable the best and brightest to pursue their dreams of higher education and training, no matter their financial background,” he said in a statement.
This strategic investment marks a significant milestone for Auxilo Finserve as it continues to expand its reach and impact in the education financing sector.
