Invest4Edu Secures $3 Million in Seed Funding from Prominent Family Offices to Accelerate Growth
- ByStartupStory | September 4, 2024
Invest4Edu, a leading platform offering education planning, saving, and investment services, has announced the successful completion of its seed funding round, raising $3 million from prominent family offices. This significant investment will be utilized to accelerate the company’s growth and deepen its impact in the early education planning and financial support sectors.
Peeyush Agrawal, CEO of Invest4Edu, expressed his enthusiasm regarding the new funding, stating, “We are excited to announce that Invest4Edu has successfully secured seed Funding of $3 million. Huge thanks to our investors as well as everyone who helped with the fundraising and cheered us along. This is an important step in our journey of making quality education accessible to all. The proceeds will be leveraged to accelerate the growth with primary focus on sales and marketing, technology, and product development.”
Invest4Edu operates in both the B2C and B2B2C segments and is actively working on strengthening its sales, marketing, technology, and outreach initiatives. The company aims to utilize the newly acquired funds to significantly expand its reach, enhance its services, and boost customer satisfaction. By strategically broadening its presence across institutions, partnerships, and various geographies, Invest4Edu plans to drive rapid user growth and establish itself as a dominant player in the Ed-Fintech sector.
The education market in India is witnessing rapid growth, with average spending on higher education reaching $73 billion, and the study abroad market valued at $50 billion. With the Indian education sector growing at a CAGR of 10% and the overseas education market expected to grow at a CAGR of 12%-14%, Invest4Edu’s addressable market size is estimated to be over $2.5 billion.
Looking ahead, Invest4Edu has outlined an aggressive growth strategy. The company is targeting over 1.5 million users and aims to empower a million families within the next two years. Their revenue goals include building a $250 million Mutual Fund AUM and establishing a monthly SIP book of $6 million.
Over the past year, Invest4Edu has successfully created more than 50,000 user education journeys on its platform. The company has also built a robust network of over 100 business partners across various sectors, including financial services, skill-building programs, expert collaborations, and institutional offerings. Through its financial literacy program, Invest4Edu has trained more than 8,000 young minds, equipping them with essential financial skills and enabling them to create work opportunities.
Invest4Edu offers a comprehensive portfolio of products and services tailored to the needs of parents, students, and institutions. The platform features AI-based tools that empower users to discover and plan their education goals. Key offerings include the Personalised Education Journey, Edu AI – a chatbot for educational inquiries, Edu Abacus – a college cost calculator, a career selector and career library, study abroad services, an affordability calculator, and more. On the financial side, Invest4Edu provides Portfolio Management Services, investment options in mutual funds and stocks, market research services, and education loans.
The Ed-Fintech start-up was founded by financial, technology, and digital veterans Peeyush Agrawal, Rozy Efzal, Hemika Tanwar, Chintan Kotak, Tushar Bopche, Aditya Agarwala, and Manoj Sharma in 2021. Invest4Edu is headquartered in Mumbai.
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