LeapFrog Investments has proposed an investment of ~$30 million in Auxilo Finserve Private Limited.

The round will also see participation from Xponentia Capital and Trifecta Capital which are existing investors in Aucilo FInserve. The other existing investors in Auxilo include ICICI Bank and Tata Capital Growth Fund.

JSA assisted LeapFrog Investments on this transaction.

The transaction team consisted of Sidharrth Shankar (Lead Partner), Prakriti Jaiswal (Partner), Dhruv Malhotra (Principal Associate), Pranav Rao N (Associate) and Jatin Oberoi (Associate)

They were assisted by Ela Bali (Partner), Nripi Jolly (Principal Associate), Aniket Aggarwal (Senior Associate) and Shubhankar Tiwari (Associate).

Auxilo Finserve is promoted by Mr. Akash Bhansali of Elme Advisors, and co-invested by Balrampur Chini Mills. Auxilo provides education loans to students aspiring to study in India and abroad.

LeapFrog invests in healthcare, financial services and climate solutions businesses in high-growth global markets.

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