Auxilo Finserve’s Financials, Revenues & Funding Overview
Auxilo Finserve, founded in 2017 by Neeraj Saxena, is an India-focused education financing NBFC headquartered in Mumbai, Maharashtra. Auxilo offers innovative lending solutions for students pursuing higher education domestically and abroad, leveraging data-driven credit underwriting, digital customer onboarding, and partnerships with educational institutions. Since inception, Auxilo has addressed financing gaps in the education sector through tailored products, consistently expanding its loan portfolio and supporting diverse student aspirations.
| Founding year | 2017 |
|---|---|
| Headquarters | Mumbai, Maharashtra, India |
| Valuation | Not available |
| Total Funding | $127M |
| Employees | 421 (as of Mar 31, 2025) |
| Annual Revenue (INR) | ₹367 Cr (FY24) |
| Annual Net Profit (INR) | ₹69.22 Cr (FY24) |
| Annual EBITDA (INR) | Not disclosed |
| Round | Date | Amount | Valuation | Investors |
|---|---|---|---|---|
| Seed | Mar 2018 | $5M | Not disclosed | Initial investors |
| Series A | 2020 | $20M | Not disclosed | Education-focused funds |
| Series B | 2022 | $33M | Not disclosed | LeapFrog Investments |
| Latest | Jul 2024 | $33M | Not disclosed | LeapFrog Investments, existing investors |
Auxilo’s revenue doubled from around ₹90 Cr in FY22 to ₹178.26 Cr in FY23 (↑98%) and to ₹356.68 Cr in FY24 (↑100%), while net swung from a ₹5 Cr loss to ₹26 Cr profit and ₹69.22 Cr profit, reflecting rapid portfolio growth and improved credit performance.
Auxilo improved EBITDA margin from around –5% in FY22 to positive 14.6% in FY23 and 19.4% in FY24, driven by scale benefits, optimized lending processes, and disciplined cost management amid expanding loan volumes.
Employee count grew from ~200 in FY22 to ~300 in FY23 and ~400 in FY24 reflecting expansion of underwriting, technology, and operations teams. Future hiring will focus on data analytics, risk management, and digital platforms to support scaling.
- Expand partnerships with educational institutions and fintech platforms for loan distribution.
- Enhance digital underwriting and analytics capabilities to optimize credit decisions and reduce defaults.
- Diversify product suite to include ancillary education financing products and alternative credit offerings.
- Strengthen capital base through strategic funding and retained earnings to support loan growth.
- Consider IPO or acquisition exit after sustained profitability and scale of loan book.
In FY24, Auxilo’s revenue surged to ₹356.68 Cr (↑100% YoY) with net profit of ₹69.22 Cr (↑2.5x), driven by expanded loan book and improved collections. The company raised $33M in Jul 2024 led by LeapFrog to bolster capital adequacy and support new segments. Auxilo continues to enhance digital lending platforms and partnerships to scale access to education finance amid evolving regulatory and macro conditions.
| Metric | Details |
|---|---|
| Employees | ~200 (FY22) → ~300 (FY23) → ~400 (FY24) |
| Revenue | ₹90 Cr → ₹178.26 Cr (↑98%) → ₹356.68 Cr (↑100%) |
| Net Profit | ₹-5 Cr → ₹26 Cr → ₹69.22 Cr – strong profitability improvement. |
| EBITDA Margin | -5% → 14.6% → 19.4% |
| Valuation & Funding | Not available; $127M |
| IPO Status | Not yet public; focused on scaling loan portfolio and profitability before exit. |
| Expansion Focus | Deepening partnerships with institutions, enhancing digital underwriting, exploring new geographies. |
| Latest News | Revenue ₹356.68 Cr, Profit ₹69.22 Cr in FY24; $33M funding in Jul 2024 |
Auxilo’s double-digit revenue growth and strong profit turnaround highlight effectiveness in education financing. With robust funding and technology-driven underwriting, the firm is well-positioned for continued scale and potential IPO once market conditions align.
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