Indian education finance startup EduFund has raised $6 million in a Series A funding round, marking a significant milestone in its mission to make education more accessible across the country. The funding, led by Cercano Management and MassMutual Ventures, will fuel the company's expansion into Tier II and III cities, where access to quality education financing remains limited.
EduFund, a full-stack education planning and financing platform, aims to empower Indian parents and students by providing innovative tools for education savings and loans. With the fresh capital, the startup plans to enhance its AI-driven advisory services, offering personalized planning engines to help families navigate the rising costs of education.
The company also intends to expand its loan offerings, particularly for underserved undergraduate students who often struggle to secure funding for higher education. This move is expected to bridge the financial gap for many aspiring students in smaller cities and towns.
Founded with a vision to democratize education financing, EduFund has already made strides in metro cities, but the focus on non-metro regions signals a broader outreach strategy. The startup’s platform combines financial planning with accessible loan options, addressing a critical need in India’s education sector.
'We are thrilled to partner with Cercano Management and MassMutual Ventures to bring affordable education financing to every corner of India,'
said a spokesperson for EduFund. The company believes that leveraging technology, such as AI tools, will be key to scaling its impact.
As the EdTech and FinTech sectors continue to intersect, EduFund’s latest funding round positions it as a key player in revolutionizing how Indian families plan and pay for education. This investment comes at a time when India’s startup ecosystem is showing resilience, with significant funding flowing into innovative solutions despite global economic challenges.
Maria Lourdes
