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EduFund Secures ₹50 Crore to Help Indian Parents Finance Their Kids’ Education Dreams As education costs in India and abroad skyrocket, parents across the country are looking for
As education costs in India and abroad skyrocket, parents across the country are looking for better ways to plan, save, and finance their children’s academic future. One startup, EduFund, is stepping in with a solution — and it just got a major boost to expand its mission.
The Gujarat-based education-fintech startup announced it has raised ₹50 crore (approx. $6 million) in a Series A funding round led by Cercano Management and MassMutual Ventures. This takes the company’s total funding to $12 million, putting it on a fast track to becoming India’s go-to platform for education financing.
Founded in 2020 by Eela Dubey and Arindam Sengupta, EduFund is a full-stack platform that helps Indian families plan, save, and borrow for education — all in one app.
It brings together:
The idea is simple: help families start early, plan smart, and avoid financial shocks when tuition bills come due — whether for domestic degrees or international studies.
“Education is a consumer staple in India. Parents already spend around 30% of their income on it,” said Eela Dubey, co-founder and CEO of EduFund. “With costs rising at home and abroad, middle-class families are facing a serious challenge. This funding is a vote of confidence in our mission to solve that problem.”
In just a few years, EduFund has built an impressive footprint:
It’s not just another fintech app — EduFund is actively building a financial ecosystem centered around education.
The startup’s new goal? To scale its AI-powered planning engine, making financial recommendations tailored to each family’s unique goals, income, and educational preferences.
Indian parents are known for prioritizing education — but rising fees, inflation, and currency-linked costs are making dreams harder to fund.
In Tier-2 and Tier-3 cities, tuition inflation is outpacing income growth. EduFund wants to bridge that gap by:
“We’re not just building a product — we’re building peace of mind,” said co-founder Arindam Sengupta.
With student debt becoming a global crisis and education increasingly out of reach, investors see a massive opportunity in India’s $100+ billion education sector.
“Higher education is getting more expensive and less accessible worldwide,” said Danika Ariadna, VP at Cercano Management. “Parents need a smart, early-planning platform. We’re excited to support EduFund’s mission to become that one-stop solution.”
“In just two years, EduFund has helped thousands of families plan for their children’s future,” said Doug Russell, Managing Partner at MassMutual Ventures. “We believe the next phase of growth will transform how India thinks about education financing.”
India sees millions of students pursuing higher education every year, both domestically and internationally. But the financial tools to support this ambition haven’t evolved fast enough — especially for the middle-income segment.
By integrating savings, loans, forex, and expert advice under one roof, EduFund is positioning itself as a future-proof partner for Indian parents — a digital-age version of the family financial planner, but built specifically for education.
Armed with fresh capital, EduFund will:
It’s also eyeing further tech innovation, potentially including:
As the cost of education keeps rising, EduFund is betting that Indian parents are ready for smarter tools to help them prepare financially.
If successful, the startup could become India’s definitive platform for end-to-end education planning, offering not just funds but confidence — one family at a time.
With over 250,000 families already on board and ₹50 crore in new capital, EduFund is making a bold statement: the future of education financing in India is digital, data-driven, and deeply personal.
