EduFund
 | |
| Company type | Private company |
|---|---|
| Industry | Fintech, Edtech |
| Founded | 2019 |
| Founder | Arindam Sengupta, Eela Dubey |
| Headquarters | Ahmedabad, Gujarat, India |
Key people | Eela Dubey (CEO), Arindam Sengupta (Co-Founder) |
| Services | Education planning, investment options, education loans, immigration services |
Number of employees | 42 (May 2025) |
| Website | www |
EduFund is an Indian fintech and edtech company based in Ahmedabad, Gujarat. Founded in 2019 by Arindam Sengupta and Eela Dubey, the platform facilitates education planning and financing for Indian families. It offers services such as investment options through mutual funds and fixed deposits, education loans, visa and immigration support, and counseling. EduFund leverages AI-driven tools, including a college cost calculator, to provide personalized education financing solutions. The company has raised $12 million in funding across seven rounds and serves families planning for early education to higher studies, including study abroad programs. As of May 2025, EduFund employs 42 people and competes with platforms like Scripbox, Truist, and Dezerv.[1][2]
Founders & Leadership
- Eela Dubey (CEO and Co-Founder): Eela Dubey holds a degree in economics and has prior entrepreneurial experience as the founder of another education-focused venture. As CEO, she oversees EduFund’s strategic direction and operations, focusing on expanding AI-driven advisory services and loan accessibility in Tier II and III cities. Dubey is recognized for her contributions to education financing in India.[1][2]
- Arindam Sengupta (Co-Founder): Arindam Sengupta is a serial entrepreneur with a background in finance and education. He founded My Global Citizenship and serves as an angel investor in one startup. Sengupta also holds board positions in two companies. At EduFund, he drives product development and investor relations.[1]
Origin & Founding Story
EduFund was founded in 2019 by Eela Dubey and Arindam Sengupta in Ahmedabad, Gujarat, to address the rising costs of education in India, which accounts for approximately 30% of household income.[2] The founders identified a gap in accessible education financing solutions for middle-class families, particularly for higher education and study abroad programs. Leveraging their expertise in finance and education, they created a platform that integrates investment options, low-interest loans, and immigration services. The company’s AI-driven tools, such as the college cost calculator, were introduced to provide personalized financial planning. EduFund’s mission is to empower families to plan and fund education seamlessly, with a focus on underserved regions.[1][3]
Timeline
| Year | Milestone |
|---|---|
| 2019 | EduFund founded by Arindam Sengupta and Eela Dubey in Ahmedabad.[1] |
| 2020 | Launched investment and loan services for education financing.[2] |
| 2021 | Introduced AI-driven college cost calculator and counseling services.[1] |
| 2023 | Reached a valuation of ₹185 crore with $6 million in funding.[1] |
| 2025 | Secured $6 million in Series A funding led by Cercano Management and MassMutual Ventures.[2][3] |
Funding
| Date | Round | Amount | Investors |
|---|---|---|---|
| July 2025 | Series A | $6M (₹50 crore) | Cercano Management, MassMutual Ventures, Atomic Capital[2][3][4] |
| Total funding: $12M across 7 rounds from 29 investors[1] | |||
Business Model
EduFund operates a B2C model, targeting Indian families planning for education expenses. The company generates revenue through:
- Investment Services: Facilitates savings through mutual funds and fixed deposits, earning commissions or management fees.
- Education Loans: Partners with financial institutions to offer low-interest study abroad and domestic education loans, earning referral fees.
- Immigration and Visa Services: Provides EB-5 visa application assistance and remittances, charging service fees.
- Counseling and Tools: Offers premium counseling services and AI-driven tools like the college cost calculator, available via subscription or one-time payments.
The primary customer segments include middle-class families, students pursuing higher education, and parents planning for early education.[1][2]
Products / Services
- Education Planning Tools: AI-driven college cost calculator and financial planning resources to estimate education expenses.[1]
- Investment Options: Mutual funds and fixed deposits tailored for education savings.[1]
- Education Loans: Low-interest loans for domestic and international studies, partnered with financial institutions.[2]
- Immigration Services: EB-5 visa application support and remittance services for study abroad programs.[1]
- Counseling Services: Personalized education and financial counseling, including blogs and expert consultations.[1]
- Insurance Products: Information on term and student health insurance plans.[1]
Growth & Metrics
As of May 2025, EduFund employs 42 people, a 5% decrease from May 2024.[1] The company has a valuation of ₹185 crore as of 2023.[1] EduFund serves families across India, with a focus on expanding to Tier II and III cities.[2] Specific user base and revenue figures are not publicly disclosed, but the platform has gained traction through its AI-driven tools and loan offerings. Media reports indicate EduFund has been covered in four events in the past year, reflecting growing market presence.[1][5]
Legal Entity Information
| Field | Details |
|---|---|
| Legal Name | Helena Edtech Private Limited |
| Foundation Date | 2020 |
| Registrar of Companies (ROC) | ROC Ahmedabad |
| Corporate Identification Number (CIN) | U62099GJ2020PTC112589 |
| Registered Address | 30, OMKAR HOUSE, NR SWASTIK CHAR RASTA, NAVRANGPURA , AHMEDABAD, Gujarat, India - 380009 |
| Email ID | compliance@edufund.in |
| Company Status | Active |
| Directors | Eela Dubey, Arindam Sengupta |
| Authorized Share Capital | INR 88,00,000.00 |
| Paid-up Capital | INR 67,47,280.00 |
Media & Public Recognition
- Funding Coverage (July 2025): EduFund’s $6 million Series A funding round was covered by YourStory, NewsDrum, VCCircle, and CNBC TV18, highlighting its AI-driven education financing solutions.[2][3][4][5]
- CyberMedia India Online (July 2025): Reported EduFund’s plans to expand AI-driven advisory services and loan access.[6]
- Startup India Recognition: EduFund is recognized by the DPIIT under the Startup India initiative, qualifying for tax exemptions and other benefits.[7]
FAQs
- What is EduFund?
- EduFund is an Indian fintech and edtech platform that provides education planning, investment options, loans, and immigration services for families.[1]
- Who are the founders of EduFund?
- EduFund was founded by Eela Dubey and Arindam Sengupta in 2019.[1]
- What services does EduFund offer?
- The platform offers AI-driven education planning tools, mutual funds, fixed deposits, education loans, visa services, and counseling.[1]
- How much funding has EduFund raised?
- EduFund has raised $12 million across seven rounds, with the latest $6 million Series A round in July 2025.[1][2]
External Links
Related Startups
References
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 "EduFund - 2025 Company Profile". Tracxn. Retrieved 7 August 2025.
- ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 "EduFund bags $6M in Series A funding". YourStory. 21 July 2025. Retrieved 7 August 2025.
- ↑ 3.0 3.1 3.2 3.3 "EduFund raises Rs 50 crore in funding". NewsDrum. 21 July 2025. Retrieved 7 August 2025.
- ↑ 4.0 4.1 "EduFund, ANNY, Hudle collect early-stage cheques". VCCircle. 21 July 2025. Retrieved 7 August 2025.
- ↑ 5.0 5.1 "EduFund bags $6 million to double down on India's education dreams". CNBC TV18. 6 August 2025. Retrieved 7 August 2025.
- ↑ "EduFund Raises $6M to Expand AI-Driven Education Financing in India". CyberMedia India Online. 21 July 2025. Retrieved 7 August 2025.
- ↑ "Startup India Recognition". Startup India. 31 July 2025. Retrieved 7 August 2025.