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GrayQuest raised $6 million in a Series B funding led by Pravega Fund and IIFL Fintech Fund to support its expansion plan.

PRIVATESep 20, 2024

Amount Raised

$6 Million

Round Type

Series B

MumbaiFinanceFintech

Investors

Iifl FinTech FundPravega Fund

Description

Education loans-focused fintech startup GrayQuest is set to raise Rs 53 crore ($6 million) in a Series B round co-led by Pravega Fund and IIFL Fintech Fund. The fresh funding will be utilized to meet financial requirements and support its expansion plan.

Quick answer

GrayQuest raised $6 Million in a Series B round, dated September 20, 2024. Investors: Iifl FinTech Fund and Pravega Fund. GrayQuest is based in Mumbai, Maharashtra, India.

How much did GrayQuest raise?
GrayQuest raised $6 Million in a Series B round on September 20, 2024.
Who invested in GrayQuest?
Iifl FinTech Fund and Pravega Fund are named as investors in this round.
What does GrayQuest do?
GrayQuest is India's largest education focused fintech company.
Where is GrayQuest based and how big is it?
GrayQuest is based in Mumbai, Maharashtra, India.
Who are the decision-makers at GrayQuest?
Fundz holds 1 contact at GrayQuest. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Finance and Fintech around the same time

Companies in the same sectors as GrayQuest that raised within 45 days of this round, from Fundz verified event records.

  • Djamo raised $13M on November 4, 2024.
  • Payward raised $43M (Grant) on November 2, 2024.
  • Ellipsis Labs raised $21M (Funding Round) on October 31, 2024.
  • Moniepoint raised $110M (Series C) on October 29, 2024.
  • Finfra raised $2.5M (Seed) on October 29, 2024.
  • UnitPlus raised $5.1M (Seed) on October 28, 2024.

Who to call at GrayQuest, and when

A new round usually means GrayQuest is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day GrayQuest raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at GrayQuest, from your own LinkedIn network

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Company Information

Company

GrayQuest

Location

Mumbai, Maharashtra, India

About

GrayQuest is India's largest education focused fintech company. We offer a suite of products spanning SAAS, payments and BNPL use cases for educational institutions across the country. Our primary offering is a monthly fee payment plan wherein students and parents can pay their education fee in bite sized monthly payments at zero extra cost, and access a range of insurance and other benefits! GrayQuest is today working with more than 4000+ educational institutions accessing 2M+ students across the country. We are backed by some of India's most accomplished entrepreneurs including founders/CxOs of companies such as CRED, Udaan, Flipkart, OyO, Shaadi, Pidilite and many more! We are actively hiring across Product, Tech, Marketing and Sales functions. We aspire to have a fast paced, dynamic, competitive work culture with the highest focus on flexibility and empathy towards our team.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

GrayQuest raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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