Edu-fintech company Auxilo has raised ₹225 crore in a debt funding round to strengthen its education loan and school financing services. The funding comes from multiple investors, including prominent names like Neo Group and The South Indian Bank. Auxilo issued 22,500 non-convertible debentures (NCDs) with a face value of ₹1 lakh each. Most of these debentures carry an annual interest of 9.7% for three years, while those issued to The South Indian Bank offer 10% interest. This infusion of capital is expected to boost Auxilo’s ability to provide financial assistance to students and educational institutions across India.
Auxilo’s Mission and Services
Founded in 2016, Auxilo is a non-banking financial company (NBFC) focused on making education accessible. The company offers student loans for higher education, both in India and abroad, covering tuition, travel, visa fees, and other essential expenses. Auxilo also extends loans to schools and colleges to support infrastructure development and operational needs. By bridging the financial gap for students and institutions, Auxilo helps ensure that more young people can pursue their dreams without worrying about funding. The company’s mission is simple yet powerful: empower students with financial support and create opportunities for quality education.
Strong Growth Despite a Challenging Market
Auxilo has seen remarkable growth in recent years. For the fiscal year ending March 2025, its revenue jumped to ₹528 crore, up from ₹357 crore the previous year. Profit surged by 62%, reaching ₹112 crore. This growth highlights the continuing demand for education loans, even as the broader edtech investment landscape slows down after the post-pandemic boom. Investors are increasingly focusing on edu-fintech companies like Auxilo, which provide practical solutions to students’ financial challenges rather than purely tech-based learning platforms. The company’s strong financial performance reflects its ability to manage funds efficiently while expanding its reach across different regions in India.
Impact of the New Funding
The ₹225 crore raised through this round will allow Auxilo to offer more student loans and support more educational institutions. By increasing access to funds, students can pursue higher education opportunities that might have previously been out of reach. Schools and colleges can also benefit from improved infrastructure, which enhances the quality of education they provide. For families, this means less financial stress and greater confidence in planning their children’s academic futures. The funding reinforces Auxilo’s commitment to making education more accessible and affordable for everyone.
What Lies Ahead
Looking forward, Auxilo plans to expand its services to more cities and regions in India. With this additional funding, the company is better positioned to reach students from diverse backgrounds, helping them achieve their educational goals. By supporting both students and institutions, Auxilo is creating a positive ripple effect that benefits the broader education ecosystem. As more young people gain access to quality education, the country can expect a new generation of skilled professionals ready to contribute to India’s growth.
In summary, Auxilo’s latest funding round is not just a financial milestone; it is a step toward wider educational inclusion. With strong growth, a clear mission, and renewed financial strength, Auxilo is set to empower more students and transform the way education loans are delivered in India.