About Edufin
Edufin is a Financial Services company based in Chennai (India) founded in 2020 by K G Gopala Krishnan, Rahul Dhoka, and Thiyagarajan Rajaraman. Online platform providing fee payment solutions for kids. It operates in the Financial Services and Education sectors. Edufin has raised $676.47 thousand across 2 funding rounds from investors including July Ventures, Rahul Dhoka and K G Gopala Krishnan. The company has 13 employees. Edufin was last valued at $5.14 million in February 2024. Its chief executive, as recorded, is Prashanth P K. Its Indian entity Advansure Tech Private Limited reported revenue of ₹36.7 Lakh. Its focus areas include EdTech, K-12 EdTech, Student Loans and FinTech. Its competitors include Auxilo, Eduvanz and GyanDhan; 3 of its 3 listed competitors have raised funding.
Company details
Edufin was established in 2020 in Chennai, India, as an online platform in the education finance sector. Fee payment solutions for childrens education are facilitated, allowing parents to opt for monthly installments. EMI options and online approval processes are provided to streamline transactions. Core operations center on accessible payment mechanisms for educational expenses within the Indian market.
- Headquarters Chennai, India
- Employees 13
- Founders K G Gopala Krishnan, Rahul Dhoka, Thiyagarajan Rajaraman
- Stage Minicorn
- SectorsFinancial ServicesEducation
- Email••••••••
- Phone•••• ••••
- Website edufin.in
- Social LinkedIn X Facebook
- Legal Name Advansure Tech Private Limited
- Date of Incorporation 17 Sep, 2020
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹36.7 Lakh
FY 2024 · +53% YoY
- Net Loss-₹1.41 Cr
FY 2024 · -385% margin
- EBITDA-₹1.36 Cr
FY 2024 · -371% margin
- Total Equity Funding$676.47K (USD)
in 2 rounds
- Latest Funding Round$518.01K (USD), Seed
Feb 2024
- InvestorsJuly Ventures
& 16 more
- Employee Count13
Associated legal entities of Edufin
Edufin operates through Advansure Tech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Advansure Tech Private Limited CIN U67190TN2020PTC138020 | Active | 17 Sep 2020 | Chennai, Tamil Nadu | ₹0.4 Cr | 13 | 3 | View details |
Funding Insights of Edufin
Edufin has successfully raised a total of $676.47K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $518.01 thousand completed in February 2024. 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 $676,473
- Total Rounds 2
- Last Round Seed — $518,012
- First Round $158,461
(Mar 2022)
- Investors Count 17
All 2 funding rounds of Edufin 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 |
|---|---|---|---|---|---|
| Feb 2024 | $518,012 | Seed | $5.14M | July Ventures | |
| Mar 2022 | $158,461 | Angel Round | $5.66M | Mohan Ramchandra |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $5.14M | •••••••• |
| Mar 2022 | $5.66M | •••••••• |
Last known valuation $5.14M (Feb 2024). 17 investors in total: 1 institutional and 16 angel.
Investors in Edufin
Edufin has secured backing from 17 investors, including venture fund and angel investors. Prominent investors backing the company include July Ventures, Rahul Dhoka and K G Gopala Krishnan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in B2B, Digital Platforms, and SaaS opportunities with a hands-on approach. | 2018 | julyventures.com | Bengaluru, India | |
RD Rahul Dhoka | Co-founder of Drip Capital, active angel investor in fintech and tech startups | unknown_6acb96897d2d46008 | ||
KG K G Gopala Krishnan | Angel investor and mentor, focused on Indian startups and technology | unknown_9179f801dbdb4da48 | ||
PP Prashanth P K | Angel investor and tech entrepreneur, co-founder of ZestMoney, focused on fintech. | unknown_59dd81190a2240b4a | ||
MR Mohan Ramchandra | unknown_cf018c74be96437a9 | |||
UK Uma Krishnamoorthy | unknown_6012d3e3b7e641d19 | |||
NB Nitish Bansal | Angel investor and entrepreneur, focused on tech startups, based in India. | unknown_c220b9eceee549288 | ||
DA Dhara Ashok Chhatbar | unknown_e6657b00078b4f6aa | |||
SB Shankar Balasubramanian | unknown_8184afc6ad854ea39 | |||
SG Swarna Ghosh | unknown_58f34b63cfe442ea8 |
Investor details for Edufin
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Advansure Tech Private Limited (Edufin)
Advansure Tech Private Limited is the primary company behind Edufin. The board of Advansure Tech Private Limited currently have 3 directors; the longest-serving is Rahul Dhoka, appointed in 2020. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Dhoka DIN 08882668 | Director | 17 Sep 2020 | 6 yrs 1 mo | Advansure Tech Private Limited |
| Patna Keshav Prashanth DIN 08882669 | Director | 17 Sep 2020 | 6 yrs 1 mo | Advansure Tech Private Limited |
| Kollengode Govindarajan Gopala Krishnan DIN 09166798 | Director | 06 May 2021 | 5 yrs 5 mo | Advansure Tech Private Limited |
People of Edufin
5 people are tracked at Edufin (5 in leadership); the tracked headcount is 13.
| Name | Role | Group |
|---|---|---|
K G Gopala Krishnan | Co-Founder | Leadership |
| Co-Founder | Leadership | |
Thiyagarajan Rajaraman | Co-Founder | Leadership |
Prashanth P K | CEO | Leadership |
Prashanth J | CEO | Leadership |
Complete people profiles for Edufin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Edufin
Figures of Advansure Tech Private Limited, the primary company behind Edufin, for FY 2024. Revenue was ₹36.7 Lakh (+53% year on year). Net loss was -₹1.41 Cr (-385% margin). EBITDA was -₹1.36 Cr (-371% margin). Revenue has grown at a compounded annual rate of +87% over three years.
- ₹36.7 LakhRevenue · FY 2024 · +53% YoY
- -₹1.41 CrNet loss · -385% margin
- -₹1.36 CrEBITDA · -371% margin
- ₹3.5 LakhPaid-up capital
- 13Employees (provident fund records)
- +87%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Advansure Tech Private Limited are on its company page.
Detailed financial statements for Edufin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Edufin
4 dated milestones of Edufin across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Edufin is founded.
- Funding First funding round of $158K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $518K.
Competitors of Edufin
Edufin has 3 listed competitors in our database, 3 of them funded. They include Auxilo, Eduvanz and GyanDhan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auxilo.com | 2017 | Mumbai, India | $127.05M | 459 | Financial products for education loans and services are provided. | |
| eduvanz.com | 2016 | Mumbai, India | $40.28M | 137 | Financial assistance is provided for education, career, and skills development. | |
| gyandhan.com | 2015 | Delhi, India | $7.78M | 267 | Education loan marketplace and study abroad support are provided. |
Detailed competitors of Edufin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Edufin
The website of Edufin (edufin.in) receives about 2.1K visits a month.
- Monthly visits2.1K
▲ 24.8% vs previous month
Websites whose visitors overlap most with Edufin. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| isfc.in | 100% | 2.2K | #7,175,446 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as Edufin (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 106.45 M | 2,161 |
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Related news about Edufin
Complete news archive for Edufin
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Frequently Asked Questions about Edufin
Edufin was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Edufin is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Prashanth P K is the CEO of Edufin, as recorded in our data.
Edufin is a funded company, having raised a total of $676.47K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $158.46K, raised on Mar 2022.
Edufin has 13 employees.
The primary company behind Edufin, Advansure Tech Private Limited, reported revenue of ₹36.7 Lakh for FY 2024, up 53% year on year.
Edufin was established in 2020 in Chennai, India, as an online platform in the education finance sector. Fee payment solutions for childrens education are facilitated, allowing parents to opt for monthly installments. EMI options and online approval processes are provided to streamline transactions. Core operations center on accessible payment mechanisms for educational expenses within the Indian market.
Edufin has 17 investors. Key investors include July Ventures, Rahul Dhoka, K G Gopala Krishnan, Prashanth P K, and Mohan Ramchandra.
The valuation of Edufin is $5.14M as of Feb 2024.
Edufin operates through Advansure Tech Private Limited.
The legal entities of Edufin currently have 3 directors, including Kollengode Govindarajan Gopala Krishnan, Rahul Dhoka, Patna Keshav Prashanth.