# GrayQuest Education Finance Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grayquest-education-finance-pvt

- Industry: Financial Services
- Headquarters: Mumbai, India
- Website: www.grayquest.com
- Total disclosed funding: $26M
- Latest round: Series B (Jan 9, 2025)
- Investors on record: 15

## About

GrayQuest Education Finance Pvt Ltd, based in Mumbai, India, is dedicated to providing innovative financial solutions specifically designed for the education sector, facilitating better access to funding for institutions.GrayQuest Education Finance Pvt Ltd specializes in financing solutions for educational institutions, primarily in India. Founded in 2017, the company has successfully closed 7 deals as of January 2025. The company is led by Rishab Mehta, who serves as both the CEO and Founder. Under his leadership, GrayQuest has focused on enhancing financial accessibility for schools and universities. The company recently raised INR 800 million in a Series B funding round, co-led by 360 ONE and Claypond Capital, with participation from Pravega Ventures, bringing the total amount raised to INR 800 million. This funding round took place on January 9, 2025.GrayQuest Education Finance Pvt Ltd specializes in providing financial solutions tailored to educational institutions. Their offerings include structured financing options that streamline funding processes and enhance financial management for schools and universities. These financial products are designed to address specific operational challenges faced by educational institutions, enabling them to optimize their resource allocation and improve overall operational efficiency. The company serves a diverse clientele across India, ensuring its services meet the unique requirements of the education sector.For the most recent year, GrayQuest reported a revenue of INR 70,247.70 million, with an EBITDA of -INR 233,611.50 million. The company generates revenue through various financial solutions offered on subscription models, allowing educational institutions to access necessary funds in a structured manner. This approach facilitates flexible financial planning for schools and promotes stability in their operations.In January 2025, GrayQuest Education Finance Pvt Ltd raised INR 800 million in Series B funding, which will be utilized to enhance technology and expand its reach to schools and universities throughout India. The company is focused on launching new financial products that improve access to funding for educational institutions. With the latest capital infusion, GrayQuest aims to broaden its market presence and cater to more educational institutions across the country, ensuring they can leverage modern financial solutions to meet operational demands.

## Funding rounds

- Series B, Jan 9, 2025, $9.3M — 360 ONE, Pravega Ventures, Claypond Capital
- Series B, Sep 20, 2024, $6.3M — IIFL Finance Ltd, Pravega Ventures
- Series A, Mar 9, 2023, $6.8M — Pravega Ventures, Telama Investments Family Office, Weizmann Group, Ashok Wadhwa Family Office, Yogesh Mahansaria Family Office
- Series A, Dec 13, 2022, $3.8M — Pravega Ventures, Stallion Ventures, VIC Enterprises, Saswad Finance Pvt Ltd, Astra Industries and Trading Pvt Ltd, Nine Advisors Pvt Ltd, Kotta Enterprises, Crest Capital

## Investors

- Pravega Ventures (https://capitalatlas.ai/funds/pravega-ventures) — Series A, Series B
- Stallion Ventures — Series A
- VIC Enterprises — Series A
- Saswad Finance Pvt Ltd — Series A
- Astra Industries and Trading Pvt Ltd — Series A
- Nine Advisors Pvt Ltd — Series A
- Kotta Enterprises — Series A
- Crest Capital — Series A
- Telama Investments Family Office — Series A
- Weizmann Group — Series A
- Ashok Wadhwa Family Office — Series A
- Yogesh Mahansaria Family Office — Series A
- IIFL Finance Ltd — Series B
- 360 ONE (https://capitalatlas.ai/funds/360-one) — Series B
- Claypond Capital — Series B