Funding Alert

Eduvanz Secures Rs 25.52 Crore in Bridge Funding to Fuel Education Dreams

• ByStartupStory     |    February 10, 2025

While higher education remains a gateway to better opportunities, financing it is still challenging for many. Eduvanz, the education-focused NBFC, raised Rs 25.52 crore ($2.9 million) in a bridge funding round backed by Juvo Ventures, Capria Fund, Peak XV Partners, and Unitus Ventures.

For students and professionals looking to upgrade their skills, Eduvanz provides education loans covering everything from school fees to upskilling courses and test prep expenses. Since its founding in 2016 by Varun Chopra and Raheel Shah, the company has helped thousands access financing for learning without worrying about upfront costs.

This latest funding round brings its total capital raised to $49 million, a mix of debt and equity financing. Previous investors include Tiger Global, MAS Financial, and Oxyzo, signalling a strong interest in the education financing space.

With rising education costs soaring and the demand for flexible financing, Eduvanz plans to use the fresh funds for working capital, product innovation, and marketing expansion. The company is also looking to enhance its digital lending platform to offer smoother and faster loan approvals.

The education financing market is heating up, with competitors like Grayquest, Propelld, and Leap Finance aggressively expanding. Leap Finance recently closed a $65 million funding round, while Varthana secured Rs 120 crore in debt from BlueOrchard Microfinance Fund. To stay ahead, Eduvanz is focusing on tech-driven lending models and partnerships with leading educational institutions.

Following this latest investment, Peak XV Partners now holds a 31.72% stake in Eduvanz, while Juvo Ventures and Capria Fund own 4.89% and 3.14%, respectively.

As investors continue betting big on education-focused financial solutions, Eduvanz aims to be the go-to platform for students and professionals seeking affordable, accessible financing options. After all, in today’s world, the real currency isn’t just money- it’s knowledge.

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