About Eduvanz
Eduvanz is an Education company based in Mumbai (India) founded in 2016 by Parth Upadhyay, Raheel Shah, and Varun Chopra. Financial assistance is provided for education, career, and skills development. It operates in the Education and Financial Services sectors. Eduvanz has raised $40.28 million across 14 funding rounds from investors including InCred, Yes Bank and Northern Arc Capital. The company has 284 employees. Eduvanz has completed 1 acquisition, including Klarity. Eduvanz was last valued at $62.98 million in February 2025. Its chief executive, as recorded, is Varun Chopra. Its website eduvanz.com draws about 11 thousand monthly visits. Its Indian entity Eduvanz Financing Private Limited reported revenue of ₹27.21 Cr. Eduvanz offers products and services including Education Loans and Upskilling Loans. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Auxilo, GyanDhan and Propelld; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2016 and headquartered in Mumbai, India, Eduvanz operates in the education finance sector. Loans are extended for vocational training, upskilling programs, and online courses, while easy installment options are available for electronics, wearables, and mobility devices. Eligibility assessments and loan cost calculations are facilitated through an online platform. The application process requires course selection, detail submission, and subsequent approval.
- Headquarters Mumbai, India
- Employees 284
- Founders Parth Upadhyay, Raheel Shah, Varun Chopra
- Stage Minicorn
- SectorsEducationFinancial Services
- Email••••••••
- Phone•••• ••••
- Website eduvanz.com
- Social LinkedIn X Facebook YouTube
- Legal Name Eduvanz Financing Private Limited
- Date of Incorporation 29 Aug, 2016
- Jurisdiction Vasai, Maharashtra, India
- Annual Revenue₹27.21 Cr
FY 2025 · -57% YoY
- Net Loss-₹57.07 Cr
FY 2025 · -210% margin
- EBITDA-₹41.49 Cr
FY 2025 · -152% margin
- Total Equity Funding$40.28M (USD)
in 14 rounds
- Latest Funding Round$2.91M (USD), Series B
Feb 2025
- InvestorsInCred
& 62 more
- Employee Count284
- Investments & Acquisitions
Associated legal entities of Eduvanz
Eduvanz is associated with 2 registered companies on The Company Check; the primary company is Eduvanz Financing Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eduvanz Financing Private Limited CIN U65999MH2016PTC285244 | Active | 29 Aug 2016 | Vasai, Maharashtra | ₹27.2 Cr | 284 | 2 | View details |
| Eduvanz Credit Finance Private Limited CIN U65929DL2022PTC413502 | Active | 10 Feb 2022 | New Delhi, Delhi | ₹0.1 Cr | 2 | View details |
Products & Services of Eduvanz
Eduvanz offers a comprehensive portfolio of products and services, including Education Loans and Upskilling Loans.
Loans for funding student education and skill training programs.
Loans to support career development through partnered institutes.
Apps and channels of Eduvanz
its YouTube channel Eduvanz Financing Private Limited has 296 subscribers and 13 videos.
Videos from Eduvanz
The most watched videos on Eduvanz's YouTube channel, Eduvanz Financing Private Limited (296 subscribers). Click a video to play it here.
More on Eduvanz Financing Private Limited.
Funding Insights of Eduvanz
Eduvanz has successfully raised a total of $40.28M across 14 strategic funding rounds. The most recent funding activity was a Series B round of $2.91 million completed in February 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 $40.28M
- Total Rounds 14
- Last Round Series B — $2.91M
- First Round $124,445
(Dec 2016)
- Investors Count 63
Latest 10 of 14 funding rounds of Eduvanz 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 2025 | $2.91M | Series B | $62.98M | Juvo Ventures | |
| Dec 2022 | $12.7M | Series B | $100.17M | Rethink Capital Partners | |
| Apr 2022 | $6.53M | Debt – Conventional | – | – | |
| Aug 2021 | $13.46M | Series B | $••••• | Juvo Ventures | |
| Feb 2021 | $10M | Debt – Conventional | – | – | |
| Jul 2020 | $5M | Series A | $••••• | – | |
| Sep 2019 | $2.67M | Series A | $••••• | – | |
| Aug 2019 | $167,378 | Debt – Conventional | – | – | |
| Apr 2019 | $2M | Seed | – | Capria, Michael & Susan Dell Foundation | – |
| Dec 2018 | $859,691 | Seed | $••••• | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2025 | $62.98M | •••••••• |
| Dec 2022 | $100.17M | •••••••• |
| Aug 2021 | $••••• | •••••••• |
| Jul 2020 | $••••• | •••••••• |
| Sep 2019 | $••••• | •••••••• |
| Dec 2018 | $••••• | •••••••• |
| May 2017 | $••••• | •••••••• |
Full valuation and stage history of Eduvanz
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
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Verified entity values are shown only after access is granted.
Last known valuation $62.98M (Feb 2025). 63 investors in total: 29 institutional and 34 angel.
Investors in Eduvanz
Eduvanz has secured backing from 63 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include InCred, Yes Bank and Northern Arc Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage edtech startups are invested in by Juvo Ventures. | juvovc.org | Salt Lake City, United States | ||
Venture capital firm investing in startups and providing support programs. | 2000 | peakxv.com | Bengaluru, India | |
Supporting startups with India scale and global potential through venture advisory and partnerships. | unitus.vc | |||
Venture capital firm investing in applied generative AI | capria.vc | Seattle, United States | ||
Real estate, venture capital investments, and financial services are provided. | rethink-capital.com | White Plains, United States | ||
Venture capital investments are focused on fintech and various sectors. | uviiigp.tcc.mode | Seattle, United States | ||
Potential is operated as a VC-backed, sector-agnostic accelerator and incubator. | potential.co | Lightwater, United Kingdom | ||
Venture capital funding is directed toward edtech sectors. | charteredfinanceandleasing.tcc.mode | Kolkata, India | ||
Multiple sectors are targeted for investments by Inspeed Power. | inspeedpower.tcc.mode | Mumbai, India | ||
Investments are managed by G V Sanjay Reddy's family office. | reddy.co.in | Hyderabad, India |
Investor details for Eduvanz
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Eduvanz Financing Private Limited (Eduvanz)
Eduvanz Financing Private Limited is the primary company behind Eduvanz. The boards of the 2 registered companies of Eduvanz currently have 3 directors; the longest-serving is Varun Chopra, appointed in 2016. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Varun Chopra DIN 06701052 | Director | 29 Aug 2016 | 10 yrs 2 mo | Eduvanz Financing Private Limited, Eduvanz Credit Finance Private Limited |
| Parth Jayvardhan Upadhyay DIN 07630338 | Director | 27 Jul 2022 | 4 yrs 3 mo | Eduvanz Credit Finance Private Limited |
| Honey Pamnani DIN 11175943 | Director | 30 Jun 2025 | 1 yr 4 mo | Eduvanz Financing Private Limited |
People of Eduvanz
12 people are tracked at Eduvanz (8 in leadership, 4 in team); the tracked headcount is 284.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Chief Product Officer | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Nikita Chatterjee | Head Of Business | Leadership |
Kiran Shukla | Vice President | Leadership |
Hanish Dewan | Head, HR | Leadership |
Faheem S. | Manager - Ceo's Office | Leadership |
Abhishek Pandey | Vice President | Leadership |
Harshvardhan Singh Khangarot | CCO | Team |
Kiran Unavane | Senior Manager Customer Service | Team |
Urvashi D. | Product - Associate Pm2 At Eduvanz | Team |
Yashmith Shetty | Product Manager | Team |
Complete people profiles for Eduvanz
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Eduvanz
Figures of Eduvanz Financing Private Limited, the primary company behind Eduvanz, for FY 2025. Revenue was ₹27.21 Cr (-57% year on year). Net loss was -₹57.07 Cr (-210% margin). EBITDA was -₹41.49 Cr (-152% margin). Revenue has grown at a compounded annual rate of -3% over three years and +42% over five years.
- ₹27.21 CrRevenue · FY 2025 · -57% YoY
- -₹57.07 CrNet loss · -210% margin
- -₹41.49 CrEBITDA · -152% margin
- ₹3.21 CrPaid-up capital
- 284Employees (provident fund records)
- -3%Revenue CAGR, 3 years
- +42%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Eduvanz Financing Private Limited are on its company page.
Detailed financial statements for Eduvanz
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.
Investments & Acquisitions by Eduvanz
Eduvanz has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Klarity.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Career guidance and resume writing services are provided by Klarity. | klarity.in | Mumbai, India | 2017 | Nov 2020 | •••• |
Complete acquisition details for Eduvanz
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Verified entity values are shown only after access is granted.
Timeline of Eduvanz
5 dated milestones of Eduvanz across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Eduvanz is founded.
- Funding First funding round of $124K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Klarity.
- Funding Latest funding round, Series B, of $2.9M.
Competitors of Eduvanz
Eduvanz has 3 listed competitors in our database, 3 of them funded. They include Auxilo, GyanDhan and Propelld.
| 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. | |
| 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 |
Detailed competitors of Eduvanz
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Eduvanz
The website of Eduvanz (eduvanz.com) receives about 11.4K visits a month.
- Monthly visits11.4K
▲ 17.3% vs previous month
Websites whose visitors overlap most with Eduvanz. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| propelld.com | 100% | 338.1K | #92,768 | View details |
Top companies in Education Technology Platforms
3 companies that operate in the same segment as Eduvanz (Education Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 275 M | USD 415.66 M | 15,046 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 107.78 M | |||
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.33 M | USD 43.22 M | 1,140 |
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Related news about Eduvanz
Complete news archive for Eduvanz
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Articles about Eduvanz on our blog
- Top Acquisitions and Mergers in 202003 Dec 2020
Frequently Asked Questions about Eduvanz
Eduvanz was founded in 2016.
Eduvanz is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Varun Chopra is the CEO of Eduvanz, as recorded in our data. They have also founded this company.
Eduvanz is a funded company, having raised a total of $40.28M across 14 funding rounds to date. The company's 1st funding round was a Seed of $859.69K, raised on Dec 2016.
Eduvanz has 284 employees.
The primary company behind Eduvanz, Eduvanz Financing Private Limited, reported revenue of ₹27.21 Cr for FY 2025, down 57% year on year.
Founded in 2016 and headquartered in Mumbai, India, Eduvanz operates in the education finance sector. Loans are extended for vocational training, upskilling programs, and online courses, while easy installment options are available for electronics, wearables, and mobility devices. Eligibility assessments and loan cost calculations are facilitated through an online platform. The application process requires course selection, detail submission, and subsequent approval.
Eduvanz offers Education Loans and Upskilling Loans.
Eduvanz has made 1 acquisition, including Klarity.
Eduvanz has 63 investors. Key investors include InCred, Yes Bank, Northern Arc Capital, Vivriti Capital, and Oxyzo.
The valuation of Eduvanz is $62.98M as of Feb 2025.