Education finance platform EduFund raises $6 million from Cercano Management, MassMutual Ventures

, By The Economic Times
Tech

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EduFund, an education planning and financing platform, has raised $6 million in a funding round led by Cercano Management and MassMutual Ventures.

The funds will be used for scaling artificial intelligence (AI)-driven advisory, expanding the range of loan products, and deepening presence in tier II and tier III markets.

“Education is a consumer staple in India, and parents already spend about 30 percent of their earnings on it. With costs rising at home and abroad, the middle-class Indian parent faces a major challenge,” said Eela Dubey, cofounder…



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Education finance platform EduFund raises $6 million from Cercano Management, MassMutual Ventures

, Published By The Economic Times
Tech



EduFund, an education planning and financing platform, has raised $6 million in a funding round led by Cercano Management and MassMutual Ventures.

The funds will be used for scaling artificial intelligence (AI)-driven advisory, expanding the range of loan products, and deepening presence in tier II and tier III markets.

“Education is a consumer staple in India, and parents already spend about 30 percent of their earnings on it. With costs rising at home and abroad, the middle-class Indian parent faces a major challenge,” said Eela Dubey, cofounder…



Source link

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.

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Previous News
Who are Trapit Bansal, Hammad Syed, the two Indians in Meta’s Superintelligence Team
Next News
Dia launches a skill gallery, Perplexity to add tasks to Comet
The Economic Times

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