[Funding News] Auxilo Finserve Secures $30 Mn Funding from LeapFrog Investments

Jade Inclusion Ltd., an investment vehicle of LeapFrog Investments, has provided $30 million to Auxilo Finserve, an NBFC that concentrates on education.

Auxilo intends to raise Rs 279 crore in its subsequent round. Existing investors Trifecta Leaders Fund-I and Xponentia Opportunities Fund-II also participated in this round.

The most recent funding will be allocated to the following objectives: expanding the company's institutional lending segment, improving student funding, integrating technological infrastructure into business processes, and expanding the company's consumer reach.

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Auxilo has reached definitive agreements with the investors and that the transaction will be completed in the near future.

Neeraj Saxena, MD & CEO at Auxilo, said: “LeapFrog’s commitment to social impact aligns perfectly with our vision of empowering individuals through education. This investment, along with continued support from our existing investors, will enhance our ability to support students in achieving their academic dreams,”

About Auxilo Finserve

Founded in 2017 by Neeraj Saxena, Auxilo believes that it's the right of every student to avail quality education. We are taking steps towards ensuring that students acquire the knowledge, skills and dispositions that they need to achieve their individual goals and to maximize their contribution to society and the country on the whole.

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