[Funding] EduFund raises 2.5 Cr Pre-Seed round led by View Trade Holding Corp

By : |February 12, 2021 0

EduFund is one of India’s fastest-growing higher education planning apps. It has recently raised INR 2.5 Cr. as part of its pre-seed investment round from ViewTrade Holding Corp. The latter is a US-based holding corporation which owns a full-service brokerage firm and a technology company. The round also saw the participation of other angel investors from a private syndicate through Angel List.

EduFund’s state-of-the-art app features a highly secured dashboard that connects the parents with expert education counsellors based across the globe to seek consultation for the best university, courses and other important details. To dominate the trends in the fintech industry, the company is aggressively working on its growth trajectory and also planning to use the funds for market acquisition. It is looking to focus on impactful marketing campaigns with greater outreach to acquire more parents planning for overseas education for their children.

About Edufund

This 2020 startup works as a holistic planning tool for parents looking to build an education fund for their child’s higher education. The app’s college calculator provides complete transparency on the true cost of the university. It looks at factors such as inflation, currency, and accommodation expense. The app also helps to reduce the complexity of studying abroad by offering admission counselling services.

The company will use the funds for product expansion. It further aims to integrate more plans to fulfil the financial and education goals of parents and students. On the fundraise and company, Eela Dubey – Co-founder and CEO of EduFund said,

“What we are trying to build at Edufund is a unified platform that best suits one’s academic aspirations. Looking back, it was a challenge to put our heads down and just keep building a product so granular for the past 8 months. As a team, this capital raise of 2.5 Cr. is a good validation for us. It motivates us to focus on customer feedback, product development and client acquisition. We are thankful to our Angel’s and our institutional partner VTS who showed faith in us pre-product.”

 

It has also entered into multiple counsellor partnerships including – OnCourse Global, Zsoldos Coaching, Reva Education Consultant, and Overseas Education Consultancy. EduFund is a Registered Investment Advisor regulated by SEBI. Furthermore, it ensures 100% privacy and confidentiality to keep the personal information of users safe.

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