GyanDhan, a Delhi-based ed-fintech startup, is set to close a significant funding boost with a $6 million round led by Classplus and Pravega Ventures. This latest investment is set to propel the expansion and innovation in the rapidly evolving ed-fintech space. According to regulatory filings and sources close to the development, Classplus has already invested Rs 20 crore (approximately $2.33 million) and Pravega Ventures has contributed Rs 10 crore (about $1.16 million), with the remainder of the round expected to close soon.
Founded in 2015 by Ankit Mehra and Jainesh Sinha, GyanDhan has established itself as a leading education-finance marketplace, connecting students with more than 15 banks and non-banking financial companies (NBFCs) to secure education loans for both domestic and international studies. The company’s innovative approach includes the operation of its own licensed NBFC, launched in 2021, which allows it to provide direct lending solutions and further streamline the financing process for students. In addition to its core lending platform, GyanDhan offers a SaaS solution for overseas education consultants, enabling them to better support students navigating the complex landscape of global education funding.
GyanDhan’s impact is evident in its impressive track record, having facilitated over Rs 7,000 crore (approximately $840 million) in cumulative loan originations and establishing a presence in 30 cities across India. The company’s financial performance has been strong, with operating revenue reaching Rs 21.4 crore and profit standing at Rs 1.36 crore for the fiscal year 2024. As the company eyes a valuation in the range of $15-20 million, this new funding round is expected to accelerate its growth trajectory and enable further technological advancements.
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The participation of Classplus, a leading B2B edtech platform with investments in multiple education ventures, and Pravega Ventures, known for backing edtech startups, highlights the strategic alignment and confidence in GyanDhan’s mission to democratise access to education loans in India. With the education financing market in India witnessing robust growth, GyanDhan’s technology-driven approach and expanding ecosystem position it as a key enabler for students aspiring to pursue higher education without financial barriers.
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