New Delhi-based education financing startup GyanDhan raises Rs 50 crore in funding

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Here’s the summarized information based on the provided text:

Funding Information:

  • Startup: GyanDhan
  • Founders:
    • Ankit Mehra
    • Jainesh Sinha
  • Funds Raised: Rs 50 crore
  • Funding Round: Not explicitly mentioned (assumed to be a Series A/B, typically common for startups in growth phases)
  • Date: Not specified in the text

Investors:

  1. Classplus (edtech firm)
  2. Pravega Ventures (venture capital firm)

Purpose of Funding:

  • Expand footprint in tier II and III cities in India
  • Build stronger credit infrastructure
  • Scale distribution through local consultants
  • Enhance technology stack for SaaS platform and student-financing workflows
  • Increase partnerships with banks and NBFCs from 15 to 30
  • Expand presence from 30 to more than 50 cities

Additional Information:

  • GyanDhan aims to facilitate Rs 18,000 crore in education loans over the next three years.
  • The startup has facilitated over Rs 7,000 crore in education loans since its inception in 2016.

If you need more details or further breakdowns, feel free to ask!

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2025-06-04 11:35:09