About GrayQuest
GrayQuest is a company based in Mumbai (India) founded in 2017 by Rahul Mehta and Rishab Mehta. GrayQuest has raised $25.21 million across 6 funding rounds from investors including India Infoline, IIFL Finance and Astra. The company has 261 employees as of September 02, 2024. GrayQuest operates in a competitive market with competitors including Jodo, Anthem, Okie Dokie Pay, Collexo and Feepayr, among others.
- Headquarter Mumbai, India
- Employees 261 as on 02 Sep, 2024
- Founders Rahul Mehta, Rishab Mehta
- 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 Grayquest Education Finance Private Limited
- Date of Incorporation 27 Mar, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.09 M (USD)763.41as on Mar 31, 2023
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Net Profit
-$3.17 M (USD)-469.81as on Mar 31, 2023
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EBITDA
-$3.11 M (USD)-484.58as on Mar 31, 2023
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Total Equity Funding
$25.21 M (USD)
in 6 rounds
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Latest Funding Round
$9.32 M (USD), Series B
Oct 21, 2024
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Investors
India Infoline
& 107 more
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Employee Count
261
as on Sep 02, 2024
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People of GrayQuest
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Funding Insights of GrayQuest
GrayQuest has successfully raised a total of $25.21M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $9.32 million completed in October 2024. 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 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 |
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Single family office of Ranjan Pai, chairman of the Manipal Education and Medical Group
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Financial services, strategic advisory, and partnerships in investments.
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Investor details for GrayQuest
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Investments & Acquisitions by GrayQuest
Investment portfolio details for GrayQuest
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Financial Statements - GrayQuest
Detailed financials for GrayQuest
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Grayquest Comparisons
Peer comparison for GrayQuest
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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 year | HQ Location | Description |
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Automated fee management platform for educational institutions is provided.
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Financial management solutions are delivered via mobile and SaaS platforms.
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Online fee collection is facilitated for educational institutions.
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Fee payment collection platform for educational institutions
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Online fee collection is managed for educational institutions.
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Detailed competitors of GrayQuest
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Latest news on Grayquest
Complete news archive for GrayQuest
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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 $25.21M across 6 funding rounds to date.
As of Sep 02, 2024, the latest employee count at GrayQuest is 261.
Annual revenue of GrayQuest is $1.09M as on Mar 31, 2023.
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.