Education loan provider GrayQuest raises $3.75 M led by Pravega Ventures

Mumbai-based GrayQuest Education Finance Pvt Ltd has raised USD 3.75 million in a Series A round led by Pravega Ventures with participation of VIC Enterprises and Stallion Ventures, along with existing backers. Pravega Ventures led the Series A round with INR 10 crore. VIC Enterprises invested INR 3 crore. Astra Industries and Trading Pvt Ltd, Nine Advisors Pvt Ltd, Crest Capital via Crest Opportunities Pvt Ltd, Stallion Ventures, Keshav Mishra, Kotta Enterprises and Dharmendra Siraj invested INR 2 crore each. Apurva Parekh, Saswad Finance Pvt Ltd, Kabita Kharbanda, Siddharth Patodia were the other investors. GrayQuest provides parents and students loans to pay fees.