GyanDhan, an Indian ed-fintech platform focused on education financing, is closing in on a USD 6 million (~INR 50.92 crore) funding round. The round is being led by Classplus, a B2B edtech platform, and Pravega Ventures, a venture capital firm with a strong edtech portfolio. This is a big vote of confidence in India’s education financing ecosystem which is going digital.
Gynadhan Funding Details and Valuation
As per filings, Classplus has already invested INR 20 crore (~USD 2.33 million) and Pravega Ventures has invested INR 10 crore (~USD 1.16 million). The remaining USD 2.5 million is expected to close soon. Post closure, GyanDhan’s valuation will be in the USD 15-20 million (~INR 170 crore) range.
The round will also see existing investors participating but names and amounts not disclosed.
About GyanDhan
Founded in 2015 by Ankit Mehra and Jainesh Sinha, GyanDhan is a digital marketplace that connects students with over 15 banks and NBFCs to get education loans. The New Delhi based company supports domestic and international education financing and helps students access funds for higher education.
In 2021, GyanDhan took a strategic step by launching its own licensed NBFC and can now offer direct lending solutions. The company also has a SaaS platform for overseas education consultants and has expanded its reach and utility across the ed-fintech value chain.
Operational and Financial Performance
As of 2025, GyanDhan has done INR 7,000 crore (~USD 840 million) in cumulative loan originations and has a physical presence in 30 Indian cities. It is one of the largest players in India’s education finance space.
Financials: GyanDhan reported INR 21.4 crore in operating revenue and INR 1.36 crore in profit in FY24. FY25 results are not filed yet but this funding will help the company to scale up its operations and technology infrastructure.
Classplus and Pravega Ventures
Classplus, a B2B edtech company which empowers educators and coaching institutes through digital tools has been actively investing in education space. Their portfolio includes platforms like Gyanlive (focused on regional government exam prep) and Testbook (where they acquired a stake via a stake in Testbook).
Pravega Ventures, which has backed several edtech startups such as GrayQuest and GreyAtom, is an early-stage technology driven company. Their continued investment in education shows they believe in the long term growth of the sector.
Early Backers and Market Outlook
GyanDhan’s early backers were institutions and angels like Gray Matters Capital, Sundaram Finance, and notable investors like Satyen Kothari, Paula Mariwala, and Pravin Gandhi. This diverse set of backers shows the broad appeal of GyanDhan’s mission to democratize education financing in India.
With the Indian education-finance market experiencing rapid expansion, GyanDhan’s latest funding round is set to fuel its next phase of growth—enabling further product innovation, deepening market penetration, and enhancing partnerships with financial institutions and education consultants.
Final Words
GyanDhan’s funding is coming at a time when the edtech space is hot. PhysicsWallah, one of India’s largest edtech startups, has filed for an IPO and is looking to raise around INR 4,600 crore. Credila Financial Services (formerly HDFC Credila), a leading education financing company, has got SEBI approval for its IPO and is looking to raise around INR 5,000 crore.
These public market ambitions by sector peers are a sign of increasing investor interest in education focused businesses driven by digital transformation, education financing demand and the growing aspirations of Indian students. GyanDhan’s latest funding is a part of this growth story—establishing itself in the ed-fintech landscape.
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