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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Loans for funding student education and skill training programs.
Loans to support career development through partnered institutes.
Unlock access to complete
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.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series B — $2.9M
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First Round
First Round
(05 Dec 2016)
- Investors Count 63
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2025 | Amount | Series B - Eduvanz | Valuation | Juvo Ventures | |
| Dec, 2022 | Amount | Series B - Eduvanz | Valuation | Rethink Capital Partners | |
| Apr, 2022 | Amount | Debt – Conventional - Eduvanz | Valuation |
investors |
| 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 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. 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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Early-stage edtech startups are invested in by Juvo Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm investing in startups and providing support programs.
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Founded Year | Domain | Location | |
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Supporting startups with India scale and global potential through venture advisory and partnerships.
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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 Eduvanz
Eduvanz has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Klarity. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Eduvanz
| 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 |
Eduvanz Comparisons
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. 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 |
Financial products for education loans and services are provided.
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| domain | founded_year | HQ Location |
Education loan marketplace and study abroad support are provided.
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| domain | founded_year | HQ Location |
Provider of flexible digital education loans with customized repayment options for students
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| domain | founded_year | HQ Location |
Provider of loan products for MSMEs and individuals
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| domain | founded_year | HQ Location |
Financial products are offered to fund student educational expenses.
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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 Eduvanz
Frequently Asked Questions about Eduvanz
When was Eduvanz founded?
Eduvanz was founded in 2016.
Where is Eduvanz located?
Eduvanz is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Eduvanz?
Varun Chopra is the current CEO of Eduvanz. They have also founded this company.
Is Eduvanz a funded company?
Eduvanz is a funded company, having raised a total of $40.28M across 13 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $6.53M, raised on Dec 05, 2016.
How many employees does Eduvanz have?
As of Apr 09, 2024, the latest employee count at Eduvanz is 284.
What is the annual revenue of Eduvanz?
Annual revenue of Eduvanz is $6.29M as on Mar 31, 2023.
What does Eduvanz do?
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.
Who are the top competitors of Eduvanz?
What products or services does Eduvanz offer?
Eduvanz offers Education Loans and Upskilling Loans.
How many acquisitions has Eduvanz made?
Eduvanz has made 1 acquisition, including Klarity.
Who are Eduvanz's investors?
Eduvanz has 63 investors. Key investors include InCred, Yes Bank, Northern Arc Capital, Vivriti Capital, and Oxyzo.
What is Eduvanz's valuation?
The valuation of Eduvanz is $62.98M as of Feb 2025.