GyanDhan Secures $6 Million in Funding from Pravega Ventures and Classplus
Delhi based Ed-fintech platform GyanDhan is set to raise $6 million in a new funding round led by Pravega Ventures and Classplus, further strengthening its position in the fast-growing education financing sector. According to regulatory filings, Classplus has already infused Rs 20 crore, while Pravega Ventures has committed Rs 10 crore. The remainder of the round is expected to close shortly.
Founded in 2015 by Ankit Mehra and Jainesh Sinha, GyanDhan operates as a loan marketplace that connects students with over 15 banks and NBFCs, enabling seamless access to education loans for both domestic and international studies. The startup also runs its own licensed NBFC, launched in 2021, allowing it to directly lend to students. A move aimed at simplifying the financing process and enhancing operational efficiency.
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Beyond lending, GyanDhan provides a SaaS platform for overseas education consultants to streamline loan-related support for students, reflecting the company’s broader vision of enabling equitable access to higher education.
To date, GyanDhan has facilitated over Rs 7,000 crore in education loans and has a footprint in 30 cities across India. In FY24, the company posted operating revenue of Rs 21.4 crore and a profit of Rs 1.36 crore. The startup is currently eyeing a valuation between $15 million and $20 million.
The participation of Classplus, a B2B edtech leader with a history of strategic investments, and Pravega Ventures, a prominent early-stage venture capital firm, underscores strong investor confidence in GyanDhan’s mission to democratise education financing in India.
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As India’s demand for global education continues to surge, GyanDhan’s tech-first model and expanding ecosystem are expected to play a pivotal role in bridging financial gaps for aspiring students across the country.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
