Fintech startup GrayQuest raised ₹80 crore (approximately $9.3 million) in a Series B round led by IIFL Fintech Fund and Claypond Capital to enhance its technology platform and expand its reach to educational institutions.
Amount Raised
₹800 Million
Round Type
Series B
MumbaiFinanceFintechInvestors
Description
GrayQuest, an education-focused fintech startup, has successfully secured ₹80 crore (about $9.3 million) in a Series B equity funding round. The funding aimed at improving the company's technology platform and increasing its reach to educational institutions across India.
Quick answer
GrayQuest raised ₹800 Million in a Series B round, dated January 9, 2025. Investors: Pravega Ventures, Iifl FinTech Fund and Claypond Capital. GrayQuest is based in Mumbai, Maharashtra, India.
- How much did GrayQuest raise?
- GrayQuest raised ₹800 Million in a Series B round on January 9, 2025.
- Who invested in GrayQuest?
- Pravega Ventures, Iifl FinTech Fund and Claypond Capital 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.
- Unit Network raised $18M (Funding Round) on February 20, 2025.
- Mansa Finance raised $10M (Pre-Seed) on February 20, 2025.
- 73 Strings raised $55M (Series B) on February 19, 2025.
- Blum raised $5M (Seed) on February 17, 2025.
- Qist Bazaar raised $9.2M (Series A) on February 14, 2025.
- AgentSmyth raised $8.7M on February 14, 2025.
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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Funding Insights
What this usually meansGrayQuest 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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