GyanDhan raises Rs 50 Cr in Series A round from Classplus and Pravega

GyanDhan, an education loan marketplace, has raised Rs 50 crore (around $5.8 million) in Series A round from Classplus and Pravega Ventures.

Entrackr had exclusively reported the development last month. 

With this capital, GyanDhan will expand its presence to over 50 tier II and III cities, double its financial partners from 15 to 30, and scale its consultant network and proprietary SaaS platform. 

The company also plans to grow its tech, credit, and sales teams while investing in community-building through workshops and financial literacy sessions.

Founded by Ankit Mehra and Jainesh Sinha, GyanDhan operates a hybrid model combining a tech-powered marketplace with its own NBFC lending arm. 

The company claims to have enabled over Rs 7,000 crore in loan originations and aims to triple this to Rs 18,000 crore over the next three years. 

GyanDhan has seen rapid growth over the past few years. In FY24, the company posted an operating revenue of Rs 21.4 crore along with a profit of Rs 1.36 crore.