EduFund Raises $6M to Expand AI-Driven Education Financing in India

EduFund, India’s first full‑stack education‑planning and financing platform, has raised $6 million (approximately ₹50 crore) in a Series A round led by Cercano Management and MassMutual Ventures. The raise brings EduFund’s total capital to $12 million.

Founded by Eela Dubey and Arindam Sengupta, EduFund’s all‑in‑one platform gives Indian parents a complete roadmap to fund education: goal‑based investment portfolios, affordable education loans, visa and forex support, and on‑demand expert counselling—all within a single, intuitive platform.

Since launching in 2020, the company has earned the trust of more than 250,000 families and built a partner network of 40+ asset‑management firms and 15+ lending institutions (public‑ and private‑sector banks, NBFCs, and international lenders). It has also formed consumer collaborations with Hamleys, Prisms (school ERP), and, most recently, DTDC.

Fueling Growth with AI and Tier-2/Tier-3 Focus

“Education is a consumer staple in India, and parents already spend about 30 percent of their earnings on it. With costs rising at home and abroad, the middle‑class Indian parent faces a major challenge. Backed by a community of 250,000 families, we are more committed than ever to solving this problem, and this Series A fundraise is a testament to that commitment,” said Eela Dubey, co‑founder and CEO of EduFund.

The new capital will help EduFund:

• Scale AI‑driven advisory by rolling out a personalised planning engine that tailors savings and loan pathways to each family’s goals.

• Broaden loan offerings with a focus on the underserved undergraduate segment.

• Deepen Tier‑2 and Tier‑3 reach by bringing structured education‑finance tools to millions of middle‑income families beyond India’s metros, where tuition is rising 10–12 percent annually and forex‑linked costs outpace income growth.

Investor Confidence in EduFund’s Model

“We are excited to join EduFund in its journey to become the end‑to‑end education‑financing and preparation partner for Indian families. Higher education is getting costlier and less accessible worldwide, so parents need a platform that helps them start planning early,” said Danika Ariadna, Vice President of Cercano Management.

Doug Russell, Managing Partner and Head of MassMutual Ventures, added, “Our follow‑on investment underscores our confidence in EduFund’s innovative approach. In just two years, the platform has empowered families to plan and save for their children’s future, and we are pleased to support its next phase of growth.”

With a vision to become the default platform for Indian parents planning their children’s education, EduFund is doubling down on product innovation, partnerships, and distribution across underserved cities.