In India, every child’s dream of studying abroad or even at a top university often comes with a heavy price tag and an even heavier question for parents: How will we afford this?
That’s the challenge EduFund was built to solve.
A Full-Stack Approach to Education Planning
Founded in 2020 by Eela Dubey and Arindam Sengupta, Ahmedabad-based EduFund is one of India’s first full-stack platforms for education planning and financing. From SIP-based savings plans and mutual fund investing to loan approvals, visa counseling, and forex all of it lives under one roof.
Now, with a fresh ₹50 crore (~$6 million) Series A round led by Cercano Management and MassMutual Ventures, the company is scaling that mission further. This brings EduFund’s total funding to nearly ₹100 crore to date.
The Traction So Far
- 2.5 lakh+ Indian families served
- Partnerships with 40+ asset management companies and 15+ lending institutions
- Brand collaborations with names like Hamleys, DTDC, and Prisms ERP
- ₹1,000+ crore in total assets managed across education goals
What the Funds Will Power
- Launch of an AI-based financial planner that customizes savings + loan paths
- Expansion into new geographies across Tier 2 and Tier 3 cities
- Stronger loan products for undergrad and international admissions
- Scaled acquisition of young, aspirational families—where education is both a goal and a stress point
“Education is a consumer staple in India. It’s recession proof, emotional, and unavoidable,” said CEO Eela Dubey.
“Our goal is to help families plan ahead intelligently, affordably, and with confidence.”
With costs of higher education rising ~10–12% annually in India, EduFund is tapping into a high-impact market where financial literacy meets real-world necessity.
Planning for your child’s future shouldn’t begin at college admission it should begin now.
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