Education financing platform GyanDhan is set to close a fresh funding round of nearly USD 6 million (approx. INR 50.92 crore), reinforcing investor confidence in India’s growing ed-fintech sector. The round is being co-led by edtech infrastructure provider Classplus and venture capital firm Pravega Ventures.
Regulatory filings show Classplus has already infused INR 20 crore (~USD 2.33 million), while Pravega Ventures has invested INR 10 crore (~USD 1.16 million). The remaining USD 2.5 million is expected to be secured shortly. Upon completion, GyanDhan’s post-money valuation is projected to fall between USD 15 million to USD 20 million (roughly INR 170 crore).
The round also sees undisclosed participation from existing investors, signaling sustained backing for GyanDhan’s mission to democratize education finance in India.
Founded in 2015 by Ankit Mehra and Jainesh Sinha, GyanDhan operates as a digital education loan marketplace connecting students with over 15 partner banks and NBFCs. Headquartered in New Delhi, it facilitates both domestic and overseas education loans.
In a strategic move, GyanDhan launched its own licensed NBFC in 2021, expanding into direct lending. It also offers a SaaS platform tailored for education consultants, widening its reach across the ed-fintech value chain.
As of 2025, the company has originated loans worth INR 7,000 crore (~USD 840 million) and has built a physical footprint in over 30 cities. In FY24, GyanDhan reported INR 21.4 crore in revenue and INR 1.36 crore in net profit.
Classplus, known for its digital solutions for coaching institutes and educators, has been actively expanding its education portfolio, which includes stakes in Gyanlive and Testbook. Meanwhile, Pravega Ventures continues to double down on education-focused startups, with prior investments in firms like GrayQuest and GreyAtom.
GyanDhan’s early backers include Gray Matters Capital, Sundaram Finance, and angel investors such as Satyen Kothari, Paula Mariwala, and Pravin Gandhi—underscoring the platform’s broad appeal across investor segments.
The funding comes amid a bullish outlook for India’s edtech and education finance sector. PhysicsWallah has filed for a massive INR 4,600 crore IPO, and Credila Financial Services recently received SEBI approval to raise INR 5,000 crore via public markets.
With education increasingly becoming a digital-first aspiration in India, GyanDhan’s latest capital infusion is expected to drive product development, strengthen tech capabilities, and deepen partnerships across the education financing ecosystem.
