Sequoia leads $5m funding in Indian education loan startup
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Eduvanz, a non-bank lender that specialises in education financing, has raised $5 million (37.38 crore) in a Series-A round led by venture capital firm Sequoia. The funding round also saw participation of Unitus, which is an existing investor in the company.
The fresh capital will be used to expand the company’s presence in towns and improve its collection efficiency and lending cycle management, Eduvanz said in a statement.
“The funds will be utilised towards creating a seamless borrower experience with secure, scalable, innovative and agile technologies to support the lending cycle,” it said.
Suprotik Sinha is the Content Writer with Synkrama Technologies. He writes about technologies and startups in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries 6+ years of experience in Content Writing, and he also worked in mainstream broadcast media, where he worked as a Journalist with Ibn7 ( now known as News18 India) and Zee Media in Mumbai.
About the author
Suprotik Sinha is the Content Writer with Synkrama Technologies. He writes about technologies and startups in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries 6+ years of experience in Content Writing, and he also worked in mainstream broadcast media, where he worked as a Journalist with Ibn7 ( now known as News18 India) and Zee Media in Mumbai.
