EduFund Raises $6 Million in Series A Funding

Founded by Arindam Sengupta and Eela Dubey, Edufund has raised $6 Million in Series A funding from Cercano Management and Massmutual Ventures, bringing the total funding raised to $12 Million, as reported in Entrepreneur.  

EduFund will use the newly raised capital to strengthen its AI-driven advisory platform, broaden its undergraduate loan products, and expand its reach into tier II and tier III cities across India.

Founded in 2020 by Eela Dubey and Arindam Sengupta, Edufund is an all-in-one platform that enables parents to plan, invest, and secure their children's higher education. They offer products such as investments through fixed deposits and mutual funds, education loans for studying abroad, insurance products, and other services related to education.