<ul><li>Avanse Financial Services appoints former Bajaj Finserv COO Rakesh Bhatt as an independent director ahead of its INR 3,500 Cr IPO.</li><li>Bhatt is the founder and CEO of SaaS startup Rahi Platform Technologies, with a background in leadership roles at Bajaj Markets and Bajaj Finserv.</li><li>The IPO will include a fresh capital raise of INR 1,000 Cr and an offer for the sale component of INR 2,500 Cr, as Avanse gears up for a mainboard public listing.</li><li>Avanse plans to use IPO proceeds to increase capital base and meet future requirements, with strong financial performance in FY24 reported, showing significant growth.</li></ul>

Exclusive: Avanse Strengthens Board Ahead Of IPO, Appoints New Independent Director

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