About EduFund
EduFund is a company based in Ahmedabad (India) founded in 2019 by Eela Dubey and Arindam Sengupta.. EduFund has raised $11.56 million across 7 funding rounds from investors including Angel List, Wellfound and DSP Mutual Fund. EduFund operates in a competitive market with competitors including Backer, SavvyFi, Quatromoney, EduFi and Hadley, among others.
- Headquarter Ahmedabad, India
- Founders Eela Dubey, Arindam Sengupta
- Stage Minicorn
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Sectors
Technology
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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
$11.56 M (USD)
in 7 rounds
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Latest Funding Round
$6 M (USD), Series A
Jul 21, 2025
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Investors
Angel List
& 23 more
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Employee Count
Employee Count
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Funding Insights of EduFund
EduFund has successfully raised a total of $11.56M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in July 2025. 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 7
- Last Round Series A — $6.0M
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First Round
First Round
(01 Sep 2020)
- Investors Count 24
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series A - EduFund | Valuation | Cercano Management | |
| Feb, 2023 | Amount | Seed - EduFund | Valuation | MassMutual Ventures , Ntc Family Trust | |
| Oct, 2022 | Amount | Angel Round - EduFund | Valuation | Aniruddha Gopalakrishnan |
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| 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 EduFund
EduFund has secured backing from 24 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and DSP Mutual Fund. 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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Corporate-backed venture capital fund
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Founded Year | Domain | Location | |
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Anchorage Capital Partners is focused on restoring and building businesses.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to innovative startups in India.
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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 EduFund
| 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 - EduFund
| 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 |
Edufund Comparisons
Competitors of EduFund
EduFund 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 Backer, SavvyFi, Quatromoney, EduFi and Hadley, 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 |
College savings plans are managed via an online platform.
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| domain | founded_year | HQ Location |
Goal-based savings plans for children's college education are provided.
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| domain | founded_year | HQ Location |
A savings platform is offered for children's education funding.
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| domain | founded_year | HQ Location |
Provides an educational savings and expense management platform for individuals.
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| domain | founded_year | HQ Location |
Goal-based educational savings are enabled for individuals via mobile platforms.
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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 Edufund
Frequently Asked Questions about EduFund
When was EduFund founded?
EduFund was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is EduFund located?
EduFund is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of EduFund?
Eela Dubey is the current CEO of EduFund. They have also founded this company.
Is EduFund a funded company?
EduFund is a funded company, having raised a total of $11.56M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $222.35K, raised on Sep 01, 2020.
What does EduFund do?
Founded in 2019 and based in Ahmedabad, India, EduFund operates in the education finance sector. Services encompass education savings through fixed deposits and mutual funds, alongside access to loans such as low-interest options for studying abroad. Assistance is provided for EB-5 visa applications, with additional resources including calculators, blogs, counselors, an AI-based college cost tool, and details on term and student health insurance.
Who are the top competitors of EduFund?
EduFund's top competitors include Backer, SavvyFi and Quatromoney.
Who are EduFund's investors?
EduFund has 24 investors. Key investors include Angel List, Wellfound, DSP Mutual Fund, Vernalis Capital, and MassMutual Ventures.
What is EduFund's valuation?
The valuation of EduFund is $22.34M as of Feb 2023.