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Saving planner for children’s education EduFund raises $6-M Series A led by Cercano Management
Ahmedabad-based EduFund has raised USD 6 million(approximately INR 50 crore) in a Series A round led by Cercano Management and MassMutual Ventures.The funds will be used to scale the firm’s advisory by rolling out a personalized planning engine, broadening loan offerings to underserved undergraduate segment and to deepen reach in Tier-2 and Tier-3 cities.Founded in 2020 by Eela Dubey and Arindam Sengupta, EduFund is a financial platform designed to help Indian parents plan, save, and invest for their children's education. It claims to have served more than 250,000 families, through building a partner network of 40+ asset-management firms and 15+ lending institutions.
Between Feb 2021 and May 2023, EduFund had attracted about USD 4 M from Anchorage Capital Partners, MassMutual Ventures, QED Investors.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.