The company will use the fresh funds to ramp up its growth and expand its sales and marketing footprints
The Mumbai-based startup claims to have over 50,000 user education journeys on the platform and trained more than 8000 individuals on financial literacy
It has more than 100 business partners across financial services, skill-building programmes, expert collaborations and institutional offerings
Education planning and study abroad consultant startup Invest4Edu has secured $3 Mn (around INR 25.18 Cr) in a seed funding round from a host of undisclosed family offices.
The company will use the fresh funds to ramp up its growth and expand its sales and marketing footprints.
Founded in 2021 by Peeyush Agrawal, Rozy Efzal, Hemika Tanwar, Chintan Kotak, Tushar Bopche, Aditya Agarwala and Manoj Sharma, Invest4Edu offers education planning, saving and investment services alongside skill-building and career planning services to school and college students.
“This is an important step in our journey of making quality education accessible to all. The proceeds will be leveraged to accelerate the growth with a primary focus on sales and marketing, technology, and product development,” Invest4Edu CEO Peeyush Agrawal said.
The Mumbai-based startup claims to have over 50,000 user education journeys on the platform and trained more than 8000 individuals on financial literacy. It has more than 100 business partners across financial services, skill-building programmes, expert collaborations and institutional offerings.
This comes on the back of education financing startups gaining interest from the investors.
For instance, in May, education-focussed NBFC Varthana raised a funding of INR 27 Cr (around $3.2 Mn) to boost its education financing offerings.
In the same month, another education-focused fintech startup Propelld got a debt fund worth $25 Mn (about INR 208 Cr).
The broader Indian digital lending market is expected to cross the $1.3 Tn mark by 2030, according to an Inc42’s report.
