India’s leading sugar firm Balrampur Chini Mills has invested about Rs.37.5 cr. in Mumbai-based startup Auxilo Finserve, an RBI-registered NBFC lender to the education sector, in lieu of a 50 per cent stake. Balrampur Chini is investing through a preferential allotment of shares. The remaining 50 per cent will be held by Enam Holdings’ Akash Bhanshali.