Amount Raised
$3.5 Million
Round Type
Seed
AhmedabadEducationDescription
EduFund, an India-based edu-fintech company, has raised $3.5 million in a funding round led by global venture capital firm MassMutual Ventures (MMV).The fundraise also saw participation from investors DSP Investment Managers, Anchorage Capital Partners, and Kunal Shah. In a statement, co-founders Eela Dubey and Arindam Sengupta said: “Our goal at EduFund has always been to help parents start saving early and to provide solutions that will financially enable the aspirations they have for their children...With this new funding, we plan to accelerate our growth, create new solutions, and invest in technology.” EduFund, which was started in 2020, says it offers a full-stack solution dedicated to helping Indian parents plan, save and invest for their children's future education. With education inflation hovering between 8-10% domestically, and over 4% in countries with high enrolment of Indian students, the company claims that it empowers parents to plan ahead and save across different asset classes to meet these rising costs over time. It also helps parents bridge financing needs by providing education loans and scholarships
Quick answer
EduFund raised $3.5 Million in a Seed round, dated May 4, 2023. EduFund is based in Ahmedabad, Gujarat, India.
- How much did EduFund raise?
- EduFund raised $3.5 Million in a Seed round on May 4, 2023.
- What does EduFund do?
- EduFund is India’s first investment app dedicated to helping parents plan, save, and invest for their children’s education.
- Where is EduFund based and how big is it?
- EduFund is based in Ahmedabad, Gujarat, India. Fundz records about 59 employees.
- Who are the decision-makers at EduFund?
- Fundz holds 1 contact at EduFund. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Education around the same time
Companies in the same sectors as EduFund that raised within 45 days of this round, from Fundz verified event records.
- Preply raised $22M on June 17, 2023.
- Solu raised $1.1M (Seed) on June 16, 2023.
- JDoodle raised an undisclosed amount (Funding Round) on June 14, 2023.
- LineLeader raised an undisclosed amount on June 12, 2023.
- MPower raised $150M (Funding Round) on May 8, 2023.
- Groundlight raised $10M (Seed) on April 19, 2023.
Who to call at EduFund, and when
A new round usually means EduFund is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day EduFund raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at EduFund, from your own LinkedIn network
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Related People
EduFund raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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