# Avanse Financial Services funding: rounds and investors

> Avanse Financial Services has raised $136M across 2 rounds since 2013. Investors include International Finance Corporation and Mubadala.

Source: https://millionrounds.com/company/avanse-financial-services (Millionrounds; every figure on the page links to its filing or article)

India · [Growth startup](https://millionrounds.com/companies)

# 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 summary Updated 26 Oct 2026

**$136M** raised across 2 rounds since 2013, from 2 sources

**$2.3M** Growth **$133M** Growth

- **Latest round:** Growth, $133M Jan 2026
- **Step-up i:** 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.

2013 2015 2017 2019 2021 2023 2025

**$2.3M** Growth

**$133M** Growth

- **First round:** Growth, $2.3M
- **Biggest round:** $133M
- **Between rounds:** 12.4 years

## The rounds

- **Jan 2026** Growth **$133M** *1 new* *1 returning* [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [Mubadala](https://millionrounds.com/fund/mubadala) Source recorded
- **Aug 2013** Growth **$2.3M** *1 new* [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Reported by vccircle.com

## Founders and team

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

- **Mr. Amit Gainda** Managing Director & Chief Executive Officer
- **Amit Yadav** Chief Treasury Officer and Chief Product Officer
- **Ganesh Raghuraman Iyer** Chief Audit Officer
- **Gaurao Patil** Chief Compliance Officer
- **Samir Kumar Mohanty** Chief Risk Officer
- **Shailendra Dhupiya** Chief Financial Officer
- **Vivek Kumar Baranwal** Chief Business Officer - Education Loan Domestic Business
- **Yogesh Rawat** Chief Business Officer – Student Lending International
- **Happiness Quotient** Board of Directors
- **Mr. Hemant Mundra** Non-Executive Director
- **Mr. Mohamed Al Mubarak** Non-Executive Director
- **Mr. Narendra Ostawal** Non-Executive Director
- **Mr. Neeraj Swaroop** Chairman and Independent Director
- **Mr. Rakesh Bhatt** Independent Director
- **Mr. Ravi Venkatraman** Independent Director
- **Mr. Sunish Sharma** Non-Executive Director
- **Ms. Savita Mahajan** Independent Director
- **Ms. Vijaylakshami R. Iyer** Independent 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.

**Growth** 2013 **Growth** 2026 [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) [Mubadala](https://millionrounds.com/fund/mubadala)

## Everyone who backed them

[International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) Government **2** rounds

[Mubadala](https://millionrounds.com/fund/mubadala) Private equity **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=avanse-financial-services).

## 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.

## Companies like Avanse Financial Services

In the same sector, and raised in the last eighteen months.

[**Mesa School of Business** $16M · Oct 2026](https://millionrounds.com/company/mesa-school-of-business)[**Disha** $6.0M · Sept 2026](https://millionrounds.com/company/disha)[**Emversity** $30M · Jan 2026](https://millionrounds.com/company/emversity)[**Intuitivo** $58K · Oct 2026](https://millionrounds.com/company/intuitivo)[**ArtMaster** $3.3M · Oct 2026](https://millionrounds.com/company/artmaster)[**Sharp Performance** $30M · Oct 2026](https://millionrounds.com/company/sharp-performance)

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