# Eduvanz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eduvanz

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.eduvanz.com
- Total disclosed funding: $34M
- Latest round: Series B (Feb 11, 2025)
- Investors on record: 11

## About

Eduvanz, based in Mumbai, India, is a financial technology company founded in 2016 that specializes in providing education loans, enabling students to finance skill-based and vocational training across various industries.Eduvanz is a non-banking financial institution (NBFC) that primarily focuses on offering education loans to students. The company was co-founded by Raheel Shah and Varun Chopra, who currently serves as the CEO. With a total of 13 deals completed, Eduvanz successfully raised INR 255.257 mn during its Series B funding round, bringing the total amount raised to INR 255.257 mn. The current company valuation is INR 5326.835 mn and is headquartered in Mumbai, India.Eduvanz primarily offers education loans aimed at empowering students to pursue skill-based and vocational training across various sectors. Their core services include providing low-interest loans for educational fees, particularly for programs in computer technology, banking, healthcare, and other job-related courses. Eduvanz serves a diverse clientele, including students aged 18-60 from major Indian cities such as Mumbai, Bangalore, Hyderabad, Pune, and Delhi. By partnering with various educational institutions, Eduvanz streamlines the loan application process, allowing users to apply online through their app or website, verify their documents, and receive instant approval.Eduvanz generated revenue of INR 6,932,443.90 in 2024, with an EBITDA of -INR 955,419.80. The firm finances education loans at competitive interest rates, facilitating direct transactions between Eduvanz and students, ensuring that funds are disbursed directly to the chosen educational institutions. This structure allows students to enroll in their desired courses without financial hindrance, emphasizing transparent financial solutions with no hidden charges associated with their loan products.Eduvanz plans to expand its offerings by designing new educational loan products aimed at a broader demographic. The company is targeting expansion into additional metropolitan regions beyond its current presence, with a focus on cities such as Chennai and Kolkata by the end of 2025. The recent funding raised will support these initiatives, particularly in technology upgrades and enhancing the user experience on their platform.

## Funding rounds

- Series B, Feb 11, 2025, $2.9M — Capria Ventures, Juvo Ventures, Peak XV Partners
- Series B, Feb 24, 2023, $2M — Capria Ventures
- Series B, Dec 21, 2022, $11M — Hong Shan, Rethink Capital Partners, Capria Ventures, Juvo Ventures
- Series B, Aug 24, 2021, $13M — Hong Shan, S3 Partners, Capria Ventures, BlackSoil, Juvo Ventures, Reddy Futures
- Series A, Jul 30, 2020, $3.1M — Hong Shan, Redwood Trust, Capria Ventures, QED Innovation Labs
- Series A, Dec 9, 2019, $0.2M — Capria Ventures
- Series A, Sep 27, 2019, $1.6M — Hong Shan, Redwood Trust, Capria Ventures
- Angel, Dec 5, 2016, $0.5M — BLinC

## Investors

- BLinC (https://capitalatlas.ai/funds/blinc) — Angel
- Hong Shan — Series A, Series B
- Redwood Trust — Series A
- Capria Ventures (https://capitalatlas.ai/funds/capria-ventures) — Series A, Series B
- QED Innovation Labs — Series A
- S3 Partners — Series B
- BlackSoil — Series B
- Juvo Ventures (https://capitalatlas.ai/funds/juvo-ventures) — Series B
- Reddy Futures — Series B
- Rethink Capital Partners (https://capitalatlas.ai/funds/rethink-capital-partners) — Series B
- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series B