About Eduvanz
Eduvanz is a company based in Mumbai (India) founded in 2016 by Parth Upadhyay, Raheel Shah, and Varun Chopra. Eduvanz has raised $40.28 million across 13 funding rounds from investors including InCred, Yes Bank and Northern Arc Capital. The company has 284 employees as of April 09, 2024. Eduvanz has completed 1 acquisition, including Klarity. Eduvanz offers products and services including Education Loans and Upskilling Loans. Eduvanz operates in a competitive market with competitors including Auxilo, GyanDhan, Propelld, Shiksha Finance and Kuhoo, among others.
- Headquarter Mumbai, India
- Employees 284 as on 09 Apr, 2024
- Founders Parth Upadhyay, Raheel Shah, Varun Chopra
- 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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- Legal Name Eduvanz Financing Private Limited
- Jurisdiction Vasai, Maharashtra, India
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Annual Revenue
$6.29 M (USD)77.87as on Mar 31, 2023
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Net Profit
-$5.19 M (USD)-87.39as on Mar 31, 2023
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EBITDA
-$2.06 M (USD)-26.19as on Mar 31, 2023
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Total Equity Funding
$40.28 M (USD)
in 13 rounds
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Latest Funding Round
$2.91 M (USD), Series B
Feb 08, 2025
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Investors
InCred
& 62 more
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Employee Count
284
as on Apr 09, 2024
- Investments & Acquisitions
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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.
People of Eduvanz
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Funding Insights of Eduvanz
Eduvanz has successfully raised a total of $40.28M across 13 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.
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 |
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Early-stage edtech startups are invested in by Juvo Ventures.
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Venture capital firm investing in startups and providing support programs.
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Supporting startups with India scale and global potential through venture advisory and partnerships.
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Investor details for Eduvanz
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Investments & Acquisitions by Eduvanz
Eduvanz has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Klarity.
Investment portfolio details for Eduvanz
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Career guidance and resume writing services are provided by Klarity.
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Complete acquisition details for Eduvanz
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- Transaction dates
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Financial Statements - Eduvanz
Detailed financials for Eduvanz
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Eduvanz Comparisons
Peer comparison for Eduvanz
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Competitors of Eduvanz
Eduvanz 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 Auxilo, GyanDhan, Propelld, Shiksha Finance and Kuhoo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Financial products for education loans and services are provided.
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Education loan marketplace and study abroad support are provided.
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Provider of flexible digital education loans with customized repayment options for students
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Provider of loan products for MSMEs and individuals
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Financial products are offered to fund student educational expenses.
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Detailed competitors of Eduvanz
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Latest news on Eduvanz
Complete news archive for Eduvanz
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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 current CEO of Eduvanz. They have also founded this company.
Eduvanz is a funded company, having raised a total of $40.28M across 13 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Eduvanz is 284.
Annual revenue of Eduvanz is $6.29M as on Mar 31, 2023.
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.