Education-focussed lendingtech startup Eduvanz raised $12.6 million in its extended Series B led by new investor Rethink Education Ventures where S3 Partners Group, Juvo Ventures, Sequoia Capital and Unitus Ventures also participated.
Eduvanz offers loans to students to help them pay for school, coaching, and test prep. Salaried and self-employed individuals can also apply for loans to cover the costs of upskilling. According to regulatory filings, Eduvanz has issued 10 equity shares and 68,373 Series B1 Compulsorily Convertible Cumulative Preference Shares (CCPS) to the investors at an issuance price of INR 15,283.71. In FY22, the company claims to have disbursed loans worth Rs 337 crore.
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Education-focussed lendingtech startup Eduvanz raised $12.6 million in its extended Series B led by new investor Rethink Education Ventures where S3 Partners Group, Juvo Ventures, Sequoia Capital and Unitus Ventures also participated.
Eduvanz offers loans to students to help them pay for school, coaching, and test prep. Salaried and self-employed individuals can also apply for loans to cover the costs of upskilling. According to regulatory filings, Eduvanz has issued 10 equity shares and 68,373 Series B1 Compulsorily Convertible Cumulative Preference Shares (CCPS) to the investors at an issuance price of INR 15,283.71. In FY22, the company claims to have disbursed loans worth Rs 337 crore.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
