Education financing startup GyanDhan Rs 50 Cr in Series A funding from Classplus, Pravega Ventures

GyanDhan, an education financing platform has raised Rs 50 crore in Series A funding round from edtech firm Classplus and venture capital firm Pravega Ventures.

The startup plans to use the funds to grow operations, build a stronger consultant network, hire more people and improve technology.

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“With this backing, we’re doubling down on building the infrastructure and technology that will unlock educational opportunities for millions of families across India,” said Ankit Mehra, cofounder and chief executive of GyanDhan.

“The rising cost of higher education—both in India and overseas—is intensifying pressure on middle-class family budgets. Yet, India’s education loan penetration remains under 20%, starkly lower than over 45% in developed markets like the US, highlighting a substantial access and affordability gap,” the company said.

“Education financing in India sits at a powerful intersection of fintech innovation and social impact. GyanDhan's dual strategy of marketplace scale and focussed NBFC lending, combined with their SaaS platform, demonstrates exceptional market understanding,” said a spokesperson at Pravega Ventures.

Mukul Rustagi, cofounder and CEO of Classplus, said GyanDhan has managed to stay strong in a challenging sector that also has a large market opportunity.

About GyanDhan

Founded in 2016 by IIT alumni Ankit Mehra and Jainesh Sinha, the New Delhi-based GyanDhan provides education loans for Indian students studying both in India and overseas.

It uses a hybrid model—acting as a loan marketplace and also lending through its own NBFC arm. So far, it has helped disburse over ₹7,000 crore in education loans.

The platform aims to expand from 30 to over 50 tier II and tier III cities. It also plans to double its partnerships with financial institutions, growing from 15 to 30 banks and NBFCs.