Total amount raised
$51.4 Millions
Latest funding date
02/01/2025
Location
Eduvanz has successfully raised significant funding through various rounds, including debt financing and bridge funding, with the support of notable investors such as Capria Ventures, Juvo Ventures, Peak XV Partners, and Unitus Ventures. The platform offers low-interest education loans to students, aiming to empower them with financial resources and unbiased advice for their educational and career development.
Keep reading to explore the intricacies of Eduvanz's fundraising journey and the investors backing this innovative platform.
What Is Eduvanz?
Eduvanz, founded in 2016, is a fintech company headquartered in Mumbai, Maharashtra, India. The company was established by Atul Sashittal, Raheel Shah, and Varun Chopra.
Operating in the consumer lending, education, and financial services industries, Eduvanz specializes in providing low-interest education loans. The company employs between 101-250 people and collaborates with various educational institutes to offer unsecured loan products through a quick and easy online process.
How Much Funding Has Eduvanz Raised?
- Funding Round: Angel Round
- Amount Raised: $500K
- Date: February 2018
- Lead Investors: BlinC Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop initial loan products.
- Funding Round: Seed Round
- Amount Raised: $2M
- Date: April 2019
- Lead Investors: Michael & Susan Dell Foundation, Unitus Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand loan offerings and partner with more educational institutions.
- Funding Round: Series A
- Amount Raised: $5M
- Date: August 2020
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Funding Round: Funding Round
- Amount Raised: $1M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital needs.
- Funding Round: Debt Financing
- Amount Raised: $10M
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To increase loan disbursement capacity.
- Funding Round: Series B
- Amount Raised: ₹1B
- Date: August 2021
- Lead Investors: Juvo Ventures, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and develop new financial products.
- Funding Round: Series B
- Amount Raised: ₹1B
- Date: December 2022
- Lead Investors: Rethink Education
- Valuation at Round: $90M
- Motivation Behind the Round: To support growth and expansion efforts.
- Funding Round: Debt Financing
- Amount Raised: ₹500M
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance loan disbursement capabilities.
- Funding Round: Debt Financing
- Amount Raised: ₹25.5M
- Date: February 2025
- Lead Investors: Capria Ventures, Juvo Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital, product development, and marketing initiatives.
Total Amount Raised: $21.5M
Current Valuation: $90M
Key Investors
- Capria Ventures
- Details: Capria Ventures is a global investment firm that focuses on early-stage companies in emerging markets. They aim to create a positive impact through their investments.
- Investment Focus Areas: Early-stage companies, emerging markets, global impact.
- Notable Investments: Eduvanz, 41 other organizations with a total funding amount of $1.3 billion.
- Juvo Ventures
- Details: Juvo Ventures invests in technology-driven companies with a focus on innovation and growth. They are known for their strategic investments in the education sector.
- Investment Focus Areas: Technology, innovation, education.
- Notable Investments: Eduvanz.
- Peak XV Partners
- Details: Peak XV Partners is a venture capital and private equity firm that invests in high-growth companies across various sectors. They have a strong presence in the technology and education industries.
- Investment Focus Areas: High-growth companies, technology, education.
- Notable Investments: Eduvanz.
- Unitus Ventures
- Details: Unitus Ventures focuses on early-stage investments in sectors like healthcare, education, and financial services. They aim to support companies that create social impact.
- Investment Focus Areas: Healthcare, education, financial services.
- Notable Investments: Eduvanz.
- Rethink Education
- Details: Rethink Education is a venture capital firm that invests in innovative education technology companies. They aim to transform the education landscape through their strategic investments.
- Investment Focus Areas: Education technology, innovation, transformation.
- Notable Investments: Eduvanz.
What's Next for Eduvanz?
Eduvanz is poised to capitalize on the growing demand for education financing solutions. With recent funding rounds, the company aims to expand its product offerings and strengthen partnerships with educational institutions. Leveraging digital lending platforms, Eduvanz can reach a broader audience, enhancing its market presence.
Future fundraising opportunities appear promising, with potential for additional venture capital rounds and strategic partnerships. These funds will support growth initiatives, including product development and marketing. However, Eduvanz must navigate regulatory changes and manage financial performance to maintain its trajectory.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Eduvanz and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
