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
- SectorsEducationFinancial Services
- Email••••••••
- Phone•••• ••••
- Website credenc.com
- Social LinkedIn X Facebook YouTube
- Acquired by Capital India Home Loans (Aug 2021)
- Total Equity Funding$27.61M (USD)
in 6 rounds
- InvestorsWellfound
& 18 more
- Acquired byCapital India Home Loans
(Aug 2021)
Associated legal entities of Credenc
Credenc is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Credenc Finserv Private Limited CIN U65999DL2020PTC360091 | Strike Off | 10 Jan 2020 | Delhi, Delhi | ₹0.1 Cr | – | 3 | View details |
| Credenc Web Technologies Private Limited CIN U74999DL2017PTC319926 | Active | 28 Jun 2017 | New Delhi, Delhi | ₹4.1 Cr | 60 | 4 | View details |
Apps and channels of Credenc
its YouTube channel Credenc has 345 subscribers and 30 videos.
Videos from Credenc
The most watched videos on Credenc's YouTube channel, Credenc (345 subscribers). Click a video to play it here.
More on Credenc.
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 $27.61M
- Total Rounds 6
- Investors Count 18
All 6 funding rounds of Credenc with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $25M | Series A | – | Capital India | – |
| Jul 2021 | – | Debt – Conventional | – | – | |
| Oct 2019 | $2.51M | Seed | $6.75M | Omidyar Network India | |
| Mar 2019 | $57,291 | Seed | $4.34M | Rajiv Chandna | |
| Jul 2018 | $43,958 | Seed | $••••• | Collegedunia | |
| Mar 2018 | – | Angel Round | $••••• | Arpit Maheshwari | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $5.45M | •••••••• |
| Oct 2019 | $6.75M | •••••••• |
| Mar 2019 | $••••• | •••••••• |
| Jul 2018 | $••••• | •••••••• |
| Mar 2018 | $••••• | •••••••• |
Full valuation and stage history of Credenc
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $5.45M (Jul 2021). 19 investors in total: 10 institutional and 9 angel.
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 |
|---|---|---|---|---|
Fintech venture capital investments in emerging markets, focusing on financial and commerce ecosystems. | 2018 | em.vc | Bengaluru, India | |
Tech startups are funded by IIM Kozhikode Alumni Fund. | – | iimkaf.com | - | |
Early-stage companies are invested in by Better Capital. | – | bettercapital.vc | Santa Clara, United States | |
Venture capital firm focused on multiple sectors | – | mukitacapital.com | Beverly Hills, United States | |
Investments are made in digital society, education, and employability sectors. | – | omidyarnetwork.in | Mumbai, India | |
Consumer and business loans are provided across India. | 1994 | capitalindia.com | Mumbai, India | |
Startup jobs are connected to individuals via a dedicated platform. | 2013 | wellfound.com | New York, United States | |
Provides automobile dealership services. | 1998 | frostees.in | Kolkata, India | |
Higher education information is searched and provided for students. | 2014 | collegedunia.com | Gurugram, India | |
VA Vipin Agarwal | Angel investor and entrepreneur, founder of VA Consulting, active in Indian startups | – | unknown_448742b5616240669 | - |
Investor details for Credenc
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Credenc
The boards of the 2 registered companies of Credenc currently have 6 directors; the longest-serving is Mayank Batheja, appointed in 2020. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mayank Batheja DIN 02986894 | Director | 10 Jan 2020 | 6 yrs 8 mo | Credenc Finserv Private Limited, Credenc Web Technologies Private Limited |
| Avinash Kumar DIN 07855063 | Director | 10 Jan 2020 | 6 yrs 8 mo | Credenc Finserv Private Limited |
| Sushil Barodia DIN 08687471 | Director | 10 Feb 2020 | 6 yrs 7 mo | Credenc Finserv Private Limited |
| Praveen Singh Chauhan DIN 10163154 | Director | 15 May 2023 | 3 yrs 4 mo | Credenc Web Technologies Private Limited |
| Deepak Vaswan DIN 07814811 | Director | 11 Mar 2025 | 1 yr 6 mo | Credenc Web Technologies Private Limited |
| Rubi Chaudhary DIN 11382502 | Additional Director | 14 Nov 2025 | 10 mo | Credenc Web Technologies Private Limited |
People of Credenc
8 people are tracked at Credenc (3 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Sarthak Goel | Technology Head, Neobank | Leadership |
Shailendra Singh | Team Lead - Tech | Team |
Vaibhav Arun Gupta | Deputy Manager | Team |
Ram Rajkumar Thawani | Back End Developer | Team |
Rahul Choudhary | Assistant Manager | Team |
Shivam R Mehra | Assistant Manager | Team |
Complete people profiles for Credenc
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Credenc
Figures of Credenc Finserv Private Limited, the primary company behind Credenc, for FY 2021. Revenue was ₹9.7 Lakh (+428% year on year). Net profit was ₹7.7 Lakh (79% margin). EBITDA was ₹9.4 Lakh (97% margin).
- ₹9.7 LakhRevenue · FY 2021 · +428% YoY
- ₹7.7 LakhNet profit · 79% margin
- ₹9.4 LakhEBITDA · 97% margin
- ₹2.50 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Credenc Finserv Private Limited are on its company page.
Detailed financial statements for Credenc
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Credenc
5 dated milestones of Credenc across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Credenc is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by Capital India Home Loans.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eduvanz.com | 2016 | Mumbai, India | $40.28M | 137 | Financial assistance is provided for education, career, and skills development. | |
| auxilo.com | 2017 | Mumbai, India | $127.05M | 459 | Financial products for education loans and services are provided. | |
| gyandhan.com | 2015 | Delhi, India | $7.78M | 267 | Education loan marketplace and study abroad support are provided. | |
| propelld.com | 2017 | Bengaluru, India | $70.23M | 235 | Provider of flexible digital education loans with customized repayment options for students | |
| shikshafinance.com | 2014 | Chennai, India | $12.1M | 302 | Provider of loan products for MSMEs and individuals | |
| kuhoo.com | 2021 | Mumbai, India | $21.81M | 125 | Financial products are offered to fund student educational expenses. | |
| unicreds.com | 2021 | Mumbai, India | – | 224 | Serves as a platform offering tailored financial solutions to meet diverse user needs. | |
| edgrofin.com | 2022 | Bengaluru, India | – | 584 | Student loans are provided for education financing by Edgro. |
Detailed competitors of Credenc
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Credenc
The website of Credenc (credenc.com) receives about 6.9K visits a month.
- Monthly visits6.9K
▼ 37.3% vs previous month
Websites whose visitors overlap most with Credenc. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dayanandasagar.edu | 100% | 16.8K | #1,486,095 | View details | |
| culko.in | 85% | – | #182,196 | View details | |
srcc.edu | srcc.edu | 84% | – | #143,940 | – |
lnipe.edu.in | lnipe.edu.in | 64% | – | #1,840,124 | – |
vgu.ac.in | vgu.ac.in | 57% | – | #686,103 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Credenc
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Credenc
Complete news archive for Credenc
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Credenc
10 companies that operate in the same segment as Credenc (Education Technology Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 830 | |
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 311.77 M | USD 415.66 M | 10,293 | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 106.21 M | – | – | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M | – | – | |
Real-time classroom behavior feedback is delivered to students by teachers. | 2011 | San Francisco, California, United States | USD 221.22 M | – | – | |
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.32 M | USD 43.22 M | 1,149 | |
Cloud-based learning management systems are provided for educational courses. | 1999 | Salt Lake City, Utah, United States | USD 88.85 M | – | – | |
High-quality K-12 curriculum and assessments are provided by Amplify. | 2000 | Brooklyn, New York, United States | USD 215 M | – | – | |
One-to-one online English tutoring is provided by 51Talk. | 2011 | Beijing, China | USD 89 M | USD 95.85 M | 539 |
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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.
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.
Credenc is associated with 2 legal entities: Credenc Finserv Private Limited, Credenc Web Technologies Private Limited.
Yes. Credenc was acquired by Capital India Home Loans in August 2021.
The legal entities of Credenc currently have 6 directors, including Sushil Barodia, Mayank Batheja, Avinash Kumar and others.