Education financing startup GyanDhan raises Rs 50 crore from edtech firm Classplus, VC fund Pravega Ventures - The Economic Times

▤ Summary

GyanDhan raised Rs 50 crore from Classplus and Pravega Ventures to expand its education financing business. The company plans to use the money to scale operations, grow its consultant network, hire more people, and invest in technology. It also wants to expand from 30 cities to more than 50 tier II and tier III cities and double its network of partner banks and NBFCs. GyanDhan says it has already facilitated more than Rs 7,000 crore in education loans and sees long-term demand despite a temporary slowdown in study-abroad markets.

$ Funding

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