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EduFund is an Ahmedabad, India-based investment advisory platform that provides higher education financing and savings tools for parents. The application integrates education planning services, such as a college cost calculator and loan finder, with investment vehicles that allow users to begin investing with a minimum of 100 rupees. To facilitate these services, the company partners with a network of more than 40 asset managers and 15 lenders across the country. As it expands into Tier-2 and Tier-3 Indian cities, the platform recently reported an active user base of 15,000 customers making monthly contributions. The company has raised $12 million in total funding, including a $6 million Series A round led by Cercano Management and MassMutual Ventures, alongside backing from ViewTrade Holding Corp. EduFund was founded in 2020 by Eela Dubey and Arindam Sengupta.
EduFund has raised $10.0M across 2 funding rounds.
EduFund has raised $10.0M in total across 2 funding rounds.
EduFund has raised $10.0M in total across 2 funding rounds.
EduFund's investors include MassMutual Ventures, Kunal Shah, BEENEXT, Arun Venkatachalam, Nir Eyal.
EduFund has raised $10.0M across 2 funding rounds. Most recently, it raised $6.0M Series A in July 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2025 | $6M Series A | — | MassMutual Ventures, Kunal Shah | Announced |
| May 1, 2023 | $4M Seed | — | Beenext, MassMutual Ventures, Arun Venkatachalam, NIR Eyal | Announced |
# EduFund: High-Level Overview
EduFund is a fintech platform that helps Indian parents plan and finance their children's higher education through a comprehensive suite of digital tools and services[1][2]. Founded in 2020 by Eela Dubey and Arindam Sengupta, the Ahmedabad-based company addresses a critical gap in education financing for middle-income Indian families by combining investment planning, education loans, scholarships, visa guidance, and financial advisory services into a single platform[1][2].
The company serves a growing market where rising tuition costs and currency-linked expenses make long-term education financing increasingly difficult for families outside major metropolitan areas[2]. EduFund's mission centers on democratizing access to education financing by extending personalized, goal-based financial solutions to underserved communities across India, particularly in tier II and tier III cities[2].
# Origin Story
EduFund emerged in 2020 when Eela Dubey and Arindam Sengupta recognized the fragmentation in India's education financing ecosystem[1]. Rather than requiring parents to navigate multiple providers separately, they built an integrated platform offering individualized investment strategies, education loans, scholarships, visa assistance, and professional financial counseling through a single digital interface[1].
The company has demonstrated early traction through strategic partnerships and funding milestones. By securing $6 million in Series A funding from Cercano Management and MassMutual Ventures, EduFund brought its total capital raised to $12 million[2]. These funds enabled the company to enhance its AI-powered advisory system and expand loan offerings for undergraduate students[2].
# Core Differentiators
# Role in the Broader Tech Landscape
EduFund operates at the intersection of two powerful trends reshaping India's financial services sector: the rise of edtech and education financing as critical infrastructure, and the fintech democratization of wealth management tools previously available only to affluent consumers.
The timing is particularly significant. India's higher education costs are rising at twice the inflation rate, while digital adoption among middle-income families has accelerated dramatically[4]. EduFund capitalizes on this convergence by bringing institutional-grade financial planning to a demographic historically underserved by traditional banking and investment advisory services.
The company's expansion into tier II and tier III cities reflects a broader ecosystem shift toward inclusive fintech—moving beyond metro-centric models to address the 70% of India's population living outside major urban centers. By combining education-specific financing with general investment advisory, EduFund influences how the fintech ecosystem thinks about vertical integration and customer lifetime value in emerging markets.
# Quick Take & Future Outlook
EduFund is positioned to become a critical infrastructure layer in India's education financing ecosystem as tuition costs continue rising and digital financial literacy spreads beyond urban centers. The company's Series A momentum, combined with its AI-powered personalization and extensive lender partnerships, suggests it can scale efficiently across smaller cities where competition remains fragmented.
The key inflection points ahead involve deepening product features, expanding loan offerings for undergraduate education, and potentially moving upstream into K-12 planning—areas where the company currently has less penetration. As education costs continue outpacing inflation and more Indian families seek structured planning tools, EduFund's integrated model may become the default platform for education financing, much as investment apps have reshaped wealth management in developed markets.
