GyanDhan Secures $6 Million Funding Round
GyanDhan, an important player in the education-finance sector, is nearing the completion of a funding round valued at around $6 million, as reported by two sources familiar with the matter.
Funding Details
According to a source, Pravega Ventures and Classplus are co-leading this funding initiative. The source, who wished to remain unnamed due to the sensitive nature of the discussions, indicated that several of GyanDhan’s current investors are also likely to participate in this round.
Early investors in the New Delhi-based company include Gray Matters Capital, Sundaram Finance, and notable individuals such as Satyen Kothari, Paula Mariwala, and Pravin Gandhi.
About GyanDhan
GyanDhan operates as an education-finance marketplace that links students with more than 15 banks and non-banking financial companies (NBFCs). The company also runs its own NBFC, licensed in 2021, and provides a SaaS platform tailored for overseas education consultants.
As per the information available, GyanDhan has successfully facilitated over Rs 7,000 crore (approximately $840 million) in total loan originations and has established a presence in 30 cities across India.
Company Background
Founded in 2015 by Ankit Mehra and Jainesh Sinha, GyanDhan is targeting a valuation of approximately $15-20 million, according to insiders.
Regulatory documents show that Classplus and Pravega have already contributed Rs 20 crore ($2.33 million) and Rs 10 crore ($1.16 million) respectively, while the remaining part of the $6 million round is anticipated to be concluded soon.
Company Growth
GyanDhan has witnessed significant growth in recent years. In FY24, the company recorded an operating revenue of Rs 21.4 crore along with a profit of Rs 1.36 crore. The financial results for FY25 are forthcoming.
Pravega has a history of investing in numerous edtech-focused startups, such as GrayQuest and GreyAtom. Conversely, Classplus—a B2B edtech platform—has cultivated a varied portfolio of educational ventures including Gyan Live, a platform in Gujarat focusing on state-level government exam preparation, along with Abhinay Maths, Saarthi, and Testbook. Notably, Classplus obtained its interest in Testbook through a secondary transaction.