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
-
Sectors
EducationFinancial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$27.61 M (USD)
in 6 rounds
-
Latest Funding Round
Not available
-
Investors
Wellfound
& 18 more
-
Employee Count
Not available
-
Acquired by
Capital India Home Loans
(Aug 19, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of Credenc
Unlock access to complete
Software Development Team
2 people
Assistant Team
2 people
Deputy Team
1 people
Back Team
1 people
Unlock access to complete
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.
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.
|
Locked | Locked | Locked | |
|
Tech startups are funded by IIM Kozhikode Alumni Fund.
|
Locked | Locked | Locked | |
|
Early-stage companies are invested in by Better Capital.
|
Locked | Locked | Locked |
Investor details for Credenc
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Credenc
Investment portfolio details for Credenc
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Credenc
Detailed financials for Credenc
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Credenc Comparisons
Peer comparison for Credenc
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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 |
|---|---|---|---|---|
| Locked | Locked | Locked |
Financial assistance is provided for education, career, and skills development.
|
|
| Locked | Locked | Locked |
Financial products for education loans and services are provided.
|
|
| Locked | Locked | Locked |
Education loan marketplace and study abroad support are provided.
|
|
| Locked | Locked | Locked |
Provider of flexible digital education loans with customized repayment options for students
|
|
| Locked | Locked | Locked |
Provider of loan products for MSMEs and individuals
|
Detailed competitors of Credenc
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
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.
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.