Indian NBFC Avanse Financial Services raises $33.3m

Soucre: pixabay

Avanse Financial Services, an education focused non-banking financial company (NBFC) on Tuesday said it has raised 250 crore through RBI’s targeted long-term repo operation (TLTRO 2.0) and the government’s partial credit guarantee (PCG) scheme.

Private equity major Warburg Pincus-led Avanse has raised 100 crore through TLTRO 2.0 and 150 crore via PCG scheme.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter