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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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $9.3M
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First Round
First Round
(19 Mar 2020)
- Investors Count 108
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - GrayQuest | Valuation | India Infoline , Claypond Capital | |
| Jun, 2024 | Amount | Series B - GrayQuest | Valuation | Pravega Ventures , IIFL Finance |
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| Jan, 2024 | Amount | Series A - GrayQuest | Valuation | Dholakia Ventures |
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| 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 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. 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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Single family office of Ranjan Pai, chairman of the Manipal Education and Medical Group
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Financial services, strategic advisory, and partnerships in investments.
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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 GrayQuest
| 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 |
Financial Statements - GrayQuest
| 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 |
Grayquest Comparisons
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. 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 |
Automated fee management platform for educational institutions is provided.
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| domain | founded_year | HQ Location |
Financial management solutions are delivered via mobile and SaaS platforms.
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| domain | founded_year | HQ Location |
Online fee collection is facilitated for educational institutions.
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| domain | founded_year | HQ Location |
Fee payment collection platform for educational institutions
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| domain | founded_year | HQ Location |
Online fee collection is managed for educational institutions.
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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 Grayquest
Frequently Asked Questions about GrayQuest
When was GrayQuest founded?
GrayQuest was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is GrayQuest located?
GrayQuest is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of GrayQuest?
Rishab Mehta is the current CEO of GrayQuest. They have also founded this company.
Is GrayQuest a funded company?
GrayQuest is a funded company, having raised a total of $25.21M across 6 funding rounds to date. The company's 1st funding round was a Series A of $102.21K, raised on Mar 19, 2020.
How many employees does GrayQuest have?
As of Sep 02, 2024, the latest employee count at GrayQuest is 261.
What is the annual revenue of GrayQuest?
Annual revenue of GrayQuest is $1.09M as on Mar 31, 2023.
What does GrayQuest do?
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.
Who are the top competitors of GrayQuest?
Who are GrayQuest's investors?
GrayQuest has 108 investors. Key investors include India Infoline, IIFL Finance, Astra, Ambit, and Manipal Group.
What is GrayQuest's valuation?
The valuation of GrayQuest is $62M as of Jun 2024.