India · Growth startup

Who invested in Avanse Financial Services

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Education

Raised 10 months ago

Funding summaryUpdated 26 Oct 2026

$136Mraised across 2 rounds since 2013, from 2 sources

$2.3MGrowth$133MGrowth
Latest round
Growth, $133MJan 2026
Step-upi
58×
Investors
2
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2013201520172019202120232025
$2.3MGrowth$133MGrowth
First round
Growth, $2.3M
Aug 2013
Biggest round
$133M
Growth · Jan 2026
Between rounds
12.4 years
from the last two

The rounds

  1. Jan 2026
    Growth$133M1 new1 returning

    Source recorded

  2. Aug 2013

Founders and team

From Avanse Financial Services's own website: 18 on the team.

  • Mr. Amit GaindaManaging Director & Chief Executive Officer
  • Amit YadavChief Treasury Officer and Chief Product Officer
  • Ganesh Raghuraman IyerChief Audit Officer
  • Gaurao PatilChief Compliance Officer
  • Samir Kumar MohantyChief Risk Officer
  • Shailendra DhupiyaChief Financial Officer
  • Vivek Kumar BaranwalChief Business Officer - Education Loan Domestic Business
  • Yogesh RawatChief Business Officer – Student Lending International
  • Happiness QuotientBoard of Directors
  • Mr. Hemant MundraNon-Executive Director
  • Mr. Mohamed Al MubarakNon-Executive Director
  • Mr. Narendra OstawalNon-Executive Director
  • Mr. Neeraj SwaroopChairman and Independent Director
  • Mr. Rakesh BhattIndependent Director
  • Mr. Ravi VenkatramanIndependent Director
  • Mr. Sunish SharmaNon-Executive Director
  • Ms. Savita MahajanIndependent Director
  • Ms. Vijaylakshami R. IyerIndependent Director

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

MubadalaPrivate equity1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Avanse Financial Services

Who invested in Avanse Financial Services?

Avanse Financial Services's investors include International Finance Corporation and Mubadala.

How much has Avanse Financial Services raised?

Avanse Financial Services has raised $136M across 2 rounds since 2013.

When did Avanse Financial Services last raise?

Avanse Financial Services's most recent round was a Growth of $133M in Jan 2026.

What was Avanse Financial Services's biggest round?

Its most recent round, $133M in Jan 2026, is also its largest on record.

Who backed Avanse Financial Services first?

Avanse Financial Services's first round on record, in Aug 2013, was backed by International Finance Corporation.

What stage is Avanse Financial Services at?

Avanse Financial Services's latest named round is a Growth, in Jan 2026.

Where is Avanse Financial Services based?

Avanse Financial Services is based in India.

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