Auxilo Raises Rs 225 Crore Debt to Boost Education Financing Growth
- Auxilo secures Rs 225 crore in fresh debt from four major investors.
- Funding will support education loans for students and institutions.
- Company reports strong FY25 performance with higher revenue and profit.
Edu-fintech lender Auxilo has raised Rs 225 crore (about $25.5 million) in a new debt round from Neo Group, Nuvama Wealth, Dezerv, and The South Indian Bank. The latest infusion will help the company scale its education loan portfolio for students in India and abroad, as well as support financing needs of educational institutions.
According to its RoC filing, Auxilo issued 22,500 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each to complete the round. Neo Group led the investment with Rs 100 crore, followed by Nuvama Wealth and Dezerv at Rs 50 crore each, while The South Indian Bank invested Rs 25 crore. The NCDs carry interest rates between 9.7% and 10% with a three-year tenure.
Earlier in February, Auxilo secured Rs 50 crore in debt from Motilal Oswal, continuing its strong momentum in capital raising. Since its launch in 2016, the Mumbai-based NBFC has built a niche in education financing by offering loans that cover a wide range of academic expenses tuition fees, living costs, travel, and even pre-visa requirements.
Auxilo has raised over $200 million so far from Tata Capital, Balrampur Chini Mills, ICICI Bank, and other investors. The company also delivered a robust financial performance. Its FY25 operating revenue climbed nearly 50% to Rs 528 crore, while profit jumped 62% to Rs 112 crore.
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The broader edtech sector has slowed after the pandemic boom, but financing startups remain resilient. Between 2024 and July 2025, edtech companies raised $1.2 billion, with more than 35% of that going to education loan providers reflecting sustained demand for platforms that help families manage rising education costs.
