About Scholfe
Scholfe is a Financial Services company based in Bengaluru (India) founded in 2020 by Ruchit Gothi. Educational financing solutions are provided to students, parents, and institutions. It operates in the Financial Services and Education sectors. Scholfe has raised $372.2 thousand across 1 funding round from investors including Schantz Ventures, 91 Assets and Gradient Capital Solutions. The company has 4 employees. Scholfe was last valued at $6.52 million in August 2021. Its Indian entity Sarvam Fintech Private Limited reported revenue of ₹1.89 Cr. Its focus areas include EdTech, K-12 EdTech, Student Loans and FinTech. Its competitors include Auxilo, Eduvanz and GyanDhan; 3 of its 3 listed competitors have raised funding.
Company details
Scholfe was founded in 2020 in Bengaluru, India, as a provider of financing options in the education sector. Loans are extended to students, parents, K-12 schools, and upskilling programs to support learning needs. Financial planning advice is offered alongside a platform for user connections. Operations focus on consumer-oriented educational support within the Indian market.
- Headquarters Bengaluru, India
- Employees 4
- Founders Ruchit Gothi
- Stage Minicorn
- SectorsFinancial ServicesEducation
- Email••••••••
- Phone•••• ••••
- Website scholfe.com
- Social LinkedIn Facebook
- Legal Name Sarvam Fintech Private Limited
- Date of Incorporation 02 Nov, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹1.89 Cr
FY 2023 · +575% YoY
- Net Loss-₹66,000
FY 2023 · 0% margin
- EBITDA₹20.2 Lakh
FY 2023 · 11% margin
- Total Equity Funding$372.2K (USD)
in 1 rounds
- Latest Funding Round$372.2K (USD), Seed
Aug 2021
- Employee Count4
Associated legal entities of Scholfe
Scholfe operates through Sarvam Fintech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sarvam Fintech Private Limited CIN U72900KA2020PTC140531 | Active | 02 Nov 2020 | Bangalore, Karnataka | ₹1.9 Cr | 4 | 3 | View details |
Funding Insights of Scholfe
Scholfe has successfully raised a total of $372.2K through 1 strategic funding round. The most recent funding activity was a Seed round of $372.2 thousand completed in August 2021. 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 $372,199
- Total Rounds 1
- Last Round Seed — $372,199
- First Round $372,199
(Aug 2021)
- Investors Count 17
All 1 funding rounds of Scholfe 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 |
|---|---|---|---|---|---|
| Aug 2021 | $372,199 | Seed | $6.52M | Schantz Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $6.52M | •••••••• |
Last known valuation $6.52M (Aug 2021). 17 investors in total: 4 institutional and 13 angel.
Investors in Scholfe
Scholfe has secured backing from 17 investors, including venture fund and angel investors. Prominent investors backing the company include Schantz Ventures, 91 Assets and Gradient Capital Solutions.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in fintech sector | Bengaluru, India | |||
Private equity firm focused on multiple sectors | Bengaluru, India | |||
Private equity firm investing in fintech sectors | Mississauga, Canada | |||
Multiple sectors are invested in by this private equity firm. | Chennai, India | |||
MM Murali Manohar | unknown_19fda673cc604476b | |||
SM Srinivasan Munuswamy | Angel investor, tech entrepreneur, focused on early-stage Indian startups | unknown_237b7b7601d94ff88 | ||
RB Rajkumar B | unknown_1d9e5ec68234428b8 | |||
SK Senthil Kumar | Angel investor, ex-entrepreneur, focused on Indian startups in tech and consumer sectors. | unknown_039306dc27a343349 | ||
SS Samir Sudhir Srivastav | unknown_8c01273750d1486a8 | |||
MV Monisha Venkatachalam | unknown_20275998ce6c44858 |
Investor details for Scholfe
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Sarvam Fintech Private Limited (Scholfe)
Sarvam Fintech Private Limited is the primary company behind Scholfe. The board of Sarvam Fintech Private Limited currently have 3 directors; the longest-serving is Venkatarajan Santhosh, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkatarajan Santhosh DIN 08944866 | Director | 02 Nov 2020 | 6 yrs | Sarvam Fintech Private Limited |
| Ruchit Gothi DIN 07840207 | Director | 02 Nov 2020 | 6 yrs | Sarvam Fintech Private Limited |
| Vignesh Srinivas DIN 09004487 | Director | 23 Dec 2020 | 5 yrs 10 mo | Sarvam Fintech Private Limited |
People of Scholfe
1 people are tracked at Scholfe (1 in leadership); the tracked headcount is 4.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Scholfe
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Scholfe
Figures of Sarvam Fintech Private Limited, the primary company behind Scholfe, for FY 2023. Revenue was ₹1.89 Cr (+575% year on year). Net loss was -₹66,000 (0% margin). EBITDA was ₹20.2 Lakh (11% margin).
- ₹1.89 CrRevenue · FY 2023 · +575% YoY
- -₹66,000Net loss · 0% margin
- ₹20.2 LakhEBITDA · 11% margin
- ₹1.1 LakhPaid-up capital
- 4Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Sarvam Fintech Private Limited are on its company page.
Detailed financial statements for Scholfe
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Scholfe
3 dated milestones of Scholfe across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Scholfe is founded.
- Funding First funding round of $372K.
- Milestone Reaches Minicorn status.
Competitors of Scholfe
Scholfe has 3 listed competitors in our database, 3 of them funded. They include Auxilo, Eduvanz and GyanDhan.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auxilo.com | 2017 | Mumbai, India | $127.05M | 459 | Financial products for education loans and services are provided. | |
| eduvanz.com | 2016 | Mumbai, India | $40.28M | 137 | Financial assistance is provided for education, career, and skills development. | |
| gyandhan.com | 2015 | Delhi, India | $7.78M | 267 | Education loan marketplace and study abroad support are provided. |
Detailed competitors of Scholfe
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
3 companies that operate in the same segment as Scholfe (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
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Frequently Asked Questions about Scholfe
Scholfe was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Scholfe is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Scholfe is a funded company, having raised a total of $372.2K across 1 funding round to date. The company's 1st funding round was a Seed of $372.2K, raised on Aug 2021.
Scholfe has 4 employees.
The primary company behind Scholfe, Sarvam Fintech Private Limited, reported revenue of ₹1.89 Cr for FY 2023, up 575% year on year.
Scholfe was founded in 2020 in Bengaluru, India, as a provider of financing options in the education sector. Loans are extended to students, parents, K-12 schools, and upskilling programs to support learning needs. Financial planning advice is offered alongside a platform for user connections. Operations focus on consumer-oriented educational support within the Indian market.
Scholfe has 17 investors. Key investors include Schantz Ventures, 91 Assets, Gradient Capital Solutions, Investidea, and Murali Manohar.
The valuation of Scholfe is $6.52M as of Aug 2021.
Scholfe operates through Sarvam Fintech Private Limited.
The legal entities of Scholfe currently have 3 directors, including Vignesh Srinivas, Venkatarajan Santhosh, Ruchit Gothi.