Avanse Q1 FY27 standalone revenue up 18% to Rs 760 crore
The education-focused NBFC's net profit increased 31% to Rs 154.3 crore in Q1 FY27 from Rs 118 crore a year earlier.
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The education-focused NBFC's net profit increased 31% to Rs 154.3 crore in Q1 FY27 from Rs 118 crore a year earlier.
The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
The RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...
The company also aims to boost its loan portfolio and strengthen its presence in secondary and tertiary cities across India.
OfBusiness and Oxyzo invested Rs 27.5 crore each, while Ambium Finserve and IKF Finance contributed the remaining Rs 20 crore.
Leap Finance will use the funds to expand its presence across US, expand university partnerships, and strengthen its presence in India.
Additional investors include Seedstars International Ventures, Ahimsa Capital, ex-Paytm COO Bhavesh Gupta, ex-BharatPe MD Ashneer Grover, others.