June 4, 2025: GyanDhan, an education financing startup has raised Rs 50 crore to expand its consultant network, upgrade technology for a seamless student financing process, and expand its presence in Tier II and III cities.
The fresh capital will also help the firm to double its partnered financial institutions to 30 and strengthen its teams in technology, credit, and sales. Furthermore, the GyanDhan will invest in community initiatives such as seminars, workshops, and financial literacy programmes.
The startup currently collaborates with 15 banks and NBFCs and aims to double that number to 30. Its physical presence, now in 30 cities, will expand to more than 50 in the coming year.
GyanDhan targets Rs 18,000 crore in originations over the next three years
GyanDhan aims to increase loan originations to Rs 18,000 crore over the next three years, up from the current Rs 7,000 crore. It also plans to explore opportunities in the skilling and executive education sectors.
Founded by IIT alumni Ankit Mehra and Jainesh Sinha, the firm’s goal is to improve access to higher education by using technology to streamline and expand financing options for Indian students, both domestically and internationally.
The firm intends to become the go to gateway for education financing in India, addressing an unmet need in an underpenetrated market.
The increasing cost of higher education, both in India and abroad, is placing growing pressure on middle-class families. Moreover, education loan penetration in India remains below 20%, significantly lower than the 45% seen in developed markets like the US, the company stated.
The Delhi-based education financing firm highlighted that this reflects a significant gap in access and affordability, with the fragmented financing ecosystem making it difficult for students and consultants to navigate available options. GyanDhan believes that its combined marketplace and NBFC model, along with its partner-oriented approach, can support these evolving needs within the sector.
In FY24, the company recorded Rs 21.4 crore in operating revenue and a profit of Rs 1.36 crore. The company has raised capital from Education Catalyst Fund, Sundaram Finance, Stanford Angels, Harvard Angels, and individual investors such as Pravin Gandhi and Satyen Kothari.
The startup currently partners with 15 banks and NBFCs and aims to double that number to 30. Its physical presence, now in 30 cities, will expand to more than 50 in the coming year.
The latest in Series A funding round was raised from edtech company Classplus and venture capital firm Pravega Ventures.
