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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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 |
|---|---|---|---|---|---|
| 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 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Credenc
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Credenc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| 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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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Credenc
Frequently Asked Questions about Credenc
When was Credenc founded?
Credenc was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Credenc located?
Credenc is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Credenc a funded company?
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.
What does Credenc do?
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.
Who are the top competitors of Credenc?
Who are Credenc's investors?
Credenc has 19 investors. Key investors include Wellfound, Capital India, Collegedunia, Capital India Home Loans, and EMVC.
What is Credenc's valuation?
The valuation of Credenc is $5.45M as of Jul 2021.
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