EduFund has raised $6 million (approx. ₹50 crore) in a Series A funding round led by Cercano Management and MassMutual Ventures. This brings the startup’s total funding to $12 million.
With this fresh capital, EduFund plans to launch an AI-driven personalized education planning engine, widen loan accessibility for undergraduate students, and deepen its footprint in India’s fast-growing tier-II and tier-III cities — regions where education costs are rising faster than household incomes.
Founded in 2020, EduFund offers a comprehensive suite of services for Indian families planning domestic and international education. Its offerings include tailored investment plans, education loans, forex assistance, visa services, and expert counselling.
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Currently supporting over 2.5 lakh families, EduFund has partnered with 40+ asset management companies and 15+ lending institutions, spanning banks, NBFCs, and global education lenders. The platform also works closely with consumer brands like Hamleys, DTDC, and Prisms (school ERP).
As per Entrackr, Indian edtech startups have raised $1.2 billion since 2024 — with education loan-focused platforms accounting for over 35% of that total, amounting to $424 million.
