EduFund, a platform that helps families plan and pay for education, has raised $6 million (around ₹50 crore) in Series A funding.
The funding round was led by Cercano Management and MassMutual Ventures, bringing EduFund’s total funding to $12 million.
EduFund will use the new funds to launch an AI-powered tool that gives students and parents personalized education planning advice.
They will also expand access to student loans for undergraduates and grow their services in tier-II and tier-III cities, where education is getting more expensive compared to income.
Founded in 2020, EduFund helps Indian families plan and pay for both local and overseas education.
The platform offers everything in one place—investment plans, education loans, help with visas and foreign exchange, and expert advice when needed.
EduFund currently supports over 250,000 families and works with more than 40 asset management companies and over 15 lenders. These include public and private banks, NBFCs, and international loan providers.
EduFund also partners with popular consumer brands, such as Hamleys and Prisms (a school management platform), as well as DTDC, to offer more value to its users.
Since 2024, edtech startups have raised $1.2 billion. Interestingly, over 35% of that money — about $424 million — went to startups that help students get education loans.
Read more- Foodpanda and Heydoc Health Launch Malaysia’s First Outpatient Care Pilot for Gig Workers
