About Credenc
Credenc is a company based in Gurugram (India) founded in 2017 by Mayank Batheja and Avinash Kumar was acquired by Capital India Home Loans in August 2021. Credenc has raised $27.61 million across 6 funding rounds from investors including Wellfound, Capital India and Collegedunia. Credenc operates in a competitive market with competitors including Eduvanz, Auxilo, GyanDhan, Propelld and Shiksha Finance, among others.
- Headquarter Gurugram, India
- Founders Mayank Batheja, Avinash Kumar
- Stage Minicorn
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Sectors
EducationFinancial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.61 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Wellfound
& 18 more
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Employee Count
Employee Count
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Acquired by
Capital India Home Loans
(Aug 19, 2021)
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People of Credenc
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Software Development Team
2 people
Assistant Team
2 people
Deputy Team
1 people
Back Team
1 people
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Funding Insights of Credenc
Credenc has successfully raised a total of $27.61M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
- First Round First Round
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Series A - Credenc | Valuation | Capital India |
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| Jul, 2021 | Amount | Debt – Conventional - Credenc | Valuation |
investors |
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| Oct, 2019 | Amount | Seed - Credenc | Valuation | Omidyar Network India |
Investors in Credenc
Credenc has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Wellfound, Capital India and Collegedunia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Fintech venture capital investments in emerging markets, focusing on financial and commerce ecosystems.
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Founded Year | Domain | Location | |
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Tech startups are funded by IIM Kozhikode Alumni Fund.
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Founded Year | Domain | Location | |
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Early-stage companies are invested in by Better Capital.
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Founded Year | Domain | Location |
Investments & Acquisitions by Credenc
Financial Statements - Credenc
Credenc Comparisons
Competitors of Credenc
Credenc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Eduvanz, Auxilo, GyanDhan, Propelld and Shiksha Finance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial assistance is provided for education, career, and skills development.
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| domain | founded_year | HQ Location |
Financial products for education loans and services are provided.
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| domain | founded_year | HQ Location |
Education loan marketplace and study abroad support are provided.
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| domain | founded_year | HQ Location |
Provider of flexible digital education loans with customized repayment options for students
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| domain | founded_year | HQ Location |
Provider of loan products for MSMEs and individuals
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Frequently Asked Questions about Credenc
Credenc was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Credenc is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Credenc is a funded company, having raised a total of $27.61M across 6 funding rounds to date. The company's 1st funding round was a Seed of $2.51M, raised on Mar 26, 2018.
Credenc was founded in 2017 and is headquartered in Gurugram, India. An online platform is operated to connect students with merit-based education loans for programs in MBA, engineering, medical fields, and others. Loans are sourced from banks including SBI, Bank of Baroda, and Axis Bank. The service functions within the fintech sector, focusing on higher education financing across various institutions.
Credenc has 19 investors. Key investors include Wellfound, Capital India, Collegedunia, Capital India Home Loans, and EMVC.
The valuation of Credenc is $5.45M as of Jul 2021.