Delhi-based education loans platform Credenc has raised Rs 17.8 crore in a seed funding round led by Omidyar Network India. Other investors, including EMVC , Better Capital and IIMK Alumni Fund also participated. The company would deploy the funds to expand its operations to 1000 colleges across 50 cities in the next two years.
Founded in 2017, Credenc is an education loan platform to finance students for the college expenses by underwriting future employability. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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