About GrayQuest
GrayQuest is a company based in Mumbai (India) founded in 2017 by Rahul Mehta and Rishab Mehta. GrayQuest has raised $27.87 million across 7 funding rounds from investors including India Infoline, IIFL Finance and Astra. The company has 261 employees. GrayQuest operates in a competitive market with competitors including Jodo, Anthem, Okie Dokie Pay, Collexo and Feepayr, among others.
- Headquarter Mumbai, India
- Employees 261
- Founders Rahul Mehta, Rishab Mehta
- Stage Minicorn
- SectorsEducationFinancial Services
- Website category Jobs and Career · Jobs and Employment
- Email••••••••
- Phone•••• ••••
- Website grayquest.com
- Social LinkedIn X Facebook
- Legal Name Grayquest Education Finance Private Limited
- Date of Incorporation 27 Mar, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹24.56 Cr
FY 2025 · +37% YoY
- Net Loss-₹35.12 Cr
FY 2025 · -143% margin
- EBITDA-₹34.73 Cr
FY 2025 · -141% margin
- Total Equity Funding$27.87M (USD)
in 7 rounds
- Latest Funding Round$2.66M (USD), Series B
Apr 2026
- InvestorsIndia Infoline
& 107 more
- Employee Count261
Associated legal entities of GrayQuest
GrayQuest operates through Grayquest Education Finance Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Grayquest Education Finance Private Limited CIN U66190MH2017PTC293038 | Active | 27 Mar 2017 | Mumbai, Maharashtra | ₹24.6 Cr | 261 | 3 | View details |
Funding Insights of GrayQuest
GrayQuest has successfully raised a total of $27.87M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $2.66 million completed in April 2026. 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 $27.87M
- Total Rounds 7
- Last Round Series B — $2.66M
- First Round $1.2M
(Mar 2020)
- Investors Count 108
All 7 funding rounds of GrayQuest 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 |
|---|---|---|---|---|---|
| Apr 2026 | $2.66M | Series B | – | IIFL Finance | – |
| Oct 2024 | $9.32M | Series B | – | India Infoline, Claypond Capital | |
| Jun 2024 | $6M | Series B | $62M | Pravega Ventures, IIFL Finance | – |
| Jan 2024 | $102,206 | Series A | $27.56M | Dholakia Ventures | – |
| Dec 2022 | $7.21M | Series A | $••••• | Pravega Ventures, Bharat Jaisinghani | |
| Apr 2021 | $1.38M | Seed | $••••• | Foundation Holdings, QED Innovation Labs | |
| Mar 2020 | $1.2M | Seed | $••••• | Foundation Holdings |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $62M | •••••••• |
| Jan 2024 | $27.56M | •••••••• |
| Dec 2022 | $••••• | •••••••• |
| Apr 2021 | $••••• | •••••••• |
| Mar 2020 | $••••• | •••••••• |
Full valuation and stage history of GrayQuest
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
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $62M (Jun 2024). 108 investors in total: 44 institutional and 64 angel.
Investors in GrayQuest
GrayQuest has secured backing from 108 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include India Infoline, IIFL Finance and Astra.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Single family office of Ranjan Pai, chairman of the Manipal Education and Medical Group | – | claypondcapital.tcc.mode | - | |
- | – | claypondcapital.com | - | |
Financial services, strategic advisory, and partnerships in investments. | – | pravegavc.com | Bengaluru, India | |
Investing in pre-seed to Series A startups across various sectors in India. | 2020 | dholakiaventures.com | Surat, India | |
Investments in tech startups are managed by Telama Family Office. | – | telamafamilyoffice.tcc.mode | - | |
Venture capital firm focused on early-stage investments | – | saswadfinance.tcc.mode | Pune, India | |
Venture capital firm | – | kottaenterprises.tcc.mode | Mumbai, India | |
Venture capital firm focused on multiple sectors | – | stallionventures.tcc.mode | Michigan, United States | |
Multiple sectors are invested in by this venture capital firm. | – | nine.tcc.mode | - | |
Investment in early-stage technology startups, focusing on SaaS, FinTech, AI, and Consumer sectors. | 2022 | peercheque.com | Mumbai, India |
Investor details for GrayQuest
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Grayquest Education Finance Private Limited (GrayQuest)
Grayquest Education Finance Private Limited is the primary company behind GrayQuest. The board of Grayquest Education Finance Private Limited currently have 3 directors; the longest-serving is Rishab Sumer Mehta, appointed in 2017. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishab Sumer Mehta DIN 06896597 | Director | 27 Mar 2017 | 9 yrs 6 mo | Grayquest Education Finance Private Limited |
| Rahul Sumermal Mehta DIN 06650161 | Director | 28 Mar 2018 | 8 yrs 6 mo | Grayquest Education Finance Private Limited |
| Aakash Rakesh Sachdev DIN 05292079 | Nominee Director | 23 Jul 2020 | 6 yrs 2 mo | Grayquest Education Finance Private Limited |
People of GrayQuest
25 people are tracked at GrayQuest (11 in leadership, 14 in team); the tracked headcount is 261.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Nikunj Doshi | Chief Business Officer | Leadership |
Neel Savla | Finance Head | Leadership |
Anish Dantu | Director - Growth & Revenue | Leadership |
Deepen Saha | Vice President Of Engineering | Leadership |
Abhinav Sharma | Head - Business | Leadership |
Garvit Mathur | Head Of Operations | Leadership |
Rishi Kapoor | Chief Operating Officer | Leadership |
Yashasvi Tadepalli | Associate Director- Business Partnerships | Leadership |
Dhanesh Purohit | Chief Technology Officer | Leadership |
Varun Bangad | Key Account Manager | Team |
Vikas Tiwari | Tech Lead | Team |
Shubham Mandhare | Data Analyst | Team |
Aman Gupta | Business Expansion Manager | Team |
try | Devops | Team |
Saurabh Deb | Manager Expansion | Team |
Sakshee Thanekar | Finance Operations Manager | Team |
Sneha Sinha | Manager Operations (pg) | Team |
Chirag Shah | Senior Manager Revenue Growth | Team |
5 more people are available in the full profile.
Complete people profiles for GrayQuest
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of GrayQuest
Figures of Grayquest Education Finance Private Limited, the primary company behind GrayQuest, for FY 2025. Revenue was ₹24.56 Cr (+37% year on year). Net loss was -₹35.12 Cr (-143% margin). EBITDA was -₹34.73 Cr (-141% margin). Revenue has grown at a compounded annual rate of +80% over three years and +117% over five years.
- ₹24.56 CrRevenue · FY 2025 · +37% YoY
- -₹35.12 CrNet loss · -143% margin
- -₹34.73 CrEBITDA · -141% margin
- ₹7.5 LakhPaid-up capital
- 261Employees (provident fund records)
- +80%Revenue CAGR, 3 years
- +117%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Grayquest Education Finance Private Limited are on its company page.
Detailed financial statements for GrayQuest
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 GrayQuest
4 dated milestones of GrayQuest across 9 years, from founding to its latest funding, stage changes and deals.
- Founded GrayQuest is founded.
- Funding First funding round of $1.2M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $2.7M.
Competitors of GrayQuest
GrayQuest 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 Jodo, Anthem, Okie Dokie Pay, Collexo and Feepayr, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jodo.in | 2020 | Bengaluru, India | $19.02M | 154 | Automated fee management platform for educational institutions is provided. | |
| getanthem.co | 2018 | Chennai, India | $3.14M | 2 | Financial management solutions are delivered via mobile and SaaS platforms. | |
| okiedokiepay.com | 2015 | Noida, India | – | – | Online fee collection is facilitated for educational institutions. | |
| collexo.com | 2021 | Gurugram, India | – | 275 | Fee payment collection platform for educational institutions | |
| feepayr.com | 2016 | Nagpur, India | – | 262 | Online fee collection is managed for educational institutions. | |
| feebank.in | 2016 | Ludhiana, India | – | – | A platform for streamlined school fees payment processing. |
Detailed competitors of GrayQuest
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 GrayQuest
The website of GrayQuest (grayquest.com) receives about 97K visits a month and ranks #283,316 among all websites worldwide, #4,141 in Jobs and Employment.
- Monthly visits97K
▲ 3.3% vs previous month
- Unique visitors39.4K
per month
- Global rank#283,316
among all websites
- Category rank#4,141
Jobs and Career · Jobs and Employment
- Bounce rate27%
- Pages per visit5.9
- Average visit2 min 30 sec
- DevicesDesktop 35% · Mobile 65%
Websites whose visitors overlap most with GrayQuest. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vasyerp.com | 100% | 703.9K | #72,168 | View details |
Latest news on Grayquest
Complete news archive for GrayQuest
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to GrayQuest
10 companies that operate in the same segment as GrayQuest (Education Technology Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 830 | |
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 311.77 M | USD 415.66 M | 10,293 | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 106.21 M | – | – | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M | – | – | |
Real-time classroom behavior feedback is delivered to students by teachers. | 2011 | San Francisco, California, United States | USD 221.22 M | – | – | |
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.32 M | USD 43.22 M | 1,149 | |
Cloud-based learning management systems are provided for educational courses. | 1999 | Salt Lake City, Utah, United States | USD 88.85 M | – | – | |
High-quality K-12 curriculum and assessments are provided by Amplify. | 2000 | Brooklyn, New York, United States | USD 215 M | – | – | |
One-to-one online English tutoring is provided by 51Talk. | 2011 | Beijing, China | USD 89 M | USD 95.85 M | 539 |
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Frequently Asked Questions about GrayQuest
GrayQuest was founded in 2017 and raised its 1st funding round 3 years after it was founded.
GrayQuest is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Rishab Mehta is the current CEO of GrayQuest. They have also founded this company.
GrayQuest is a funded company, having raised a total of $27.87M across 7 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Mar 2020.
GrayQuest has 261 employees.
The primary company behind GrayQuest, Grayquest Education Finance Private Limited, reported revenue of ₹24.56 Cr for FY 2025, up 37% year on year.
GrayQuest was founded in 2017 and is headquartered in Mumbai, India. A SaaS-based platform is provided by the company for integrated fee collection in educational institutions. Online payments are facilitated, real-time tracking is enabled, and reconciliation processes are simplified to address administrative needs. Value-added services, including EMI options and insurance, are also offered to support students and parents in the education sector.
GrayQuest has 108 investors. Key investors include India Infoline, IIFL Finance, Astra, Ambit, and Manipal Group.
The valuation of GrayQuest is $62M as of Jun 2024.
GrayQuest operates through Grayquest Education Finance Private Limited.
The legal entities of GrayQuest currently have 3 directors, including Aakash Rakesh Sachdev, Rahul Sumermal Mehta, Rishab Sumer Mehta.