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EduFund, a full-stack education-planning and financing platform, has raised $6 million (Rs 50 crore) in a Series A round led by Cercano Management and MassMutual Ventures, taking its total funding to $12 million.
The proceeds will be used to roll out an AI-powered personalized planning engine, expand loan access for undergraduate students, and strengthen its presence in tier-II and tier-III cities, where education costs are rising faster than income.
Founded in 2020, The platform offers Indian families a complete toolkit to fund domestic and international education, combining investment plans, education loans, visa and forex services, and on-demand expert counselling.
EduFund supports over 250,000 families and partners with more than 40 asset management firms and over 15 lending institutions, including public and private sector banks, NBFCs, and global lenders. It also collaborates with consumer brands such as Hamleys, Prisms (school ERP), and DTDC.
According to a recent report by Entrackr, edtech startups have raised $1.2 billion since 2024. Interestingly, more than 35% of this funding, or $424 million, has gone to startups that focus on providing education loans.