EduFund, an education-planning and financing platform, has raised $6 million (approximately ₹50 crore) in a Series A funding round. Cercano Management and MassMutual Ventures led the investment.
This brings EduFund’s total funding to $12 million.
The company plans to use the new capital to launch an AI-powered personalized planning tool, offer more education loans for undergraduate students, and grow its presence in India’s smaller cities (Tier-2 and Tier-3).
Founded in 2020 by Eela Dubey and Arindam Sengupta, EduFund provides Indian families with tools to fund education in India and abroad. Its platform offers investment plans, education loans, visa and forex services, and expert counseling.
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The startup currently serves over 250,000 families. It works with more than 40 asset management firms and over 15 lending institutions, including banks and global lenders. EduFund also partners with consumer brands like Hamleys and DTDC.
