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Mubadala, Avendus invest Rs 1000 cr in NBFC Avanse

By Economic Times - 8 months ago
Abu Dhabi's Mubadala Investment Company and Avendus Future Leaders Fund II invest Rs 1,100 crore in Avanse Financial Services, an education-focused NBFC. The funding aims to enhance customer experiences and drive profitable growth. Avanse, with an AUM of ₹12,147 crore, plans to go public to raise Rs 4,000 crore, potentially becoming India's first listed education-focused NBFC.

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