2017
Mumbai (India)
Series B
GrayQuest is a fintech company based in Mumbai, India, specializing in education financing solutions. Here’s a comprehensive overview of the company:
GrayQuest aims to simplify the payment process for education fees by providing flexible and affordable financing options. The company seeks to become the default method for paying education fees for over 200 million students in private educational institutions across India.
Monthly Fee Payment Plans:
Offers zero-interest monthly payment plans for educational fees, making it easier for parents and students to manage their finances.
Facilitates payments for schools, colleges, universities, and EdTech platforms.
Insurance Products:
Provides complimentary insurance offerings through its GQ Education Protect program, safeguarding the education of students who pay their fees via GrayQuest.
Loyalty Program:
Launched GQ+, India's first and largest loyalty program for students and parents, enhancing customer engagement and retention.
Software Solutions:
Delivers software solutions to educational institutions to streamline fee collection and management processes.
GrayQuest is recognized as one of India's largest education-focused fintech companies. It serves over 250,000 children, enabling them to access education affordably through innovative financial products.
GrayQuest continues to expand its offerings and enhance its services to meet the growing demand for affordable education financing solutions in India. The company focuses on building partnerships with educational institutions to facilitate seamless fee payment processes.
GrayQuest stands out as a significant player in the fintech sector focused on education financing. By offering innovative financial products and services tailored to the needs of students and educational institutions, GrayQuest is well-positioned to contribute positively to the accessibility of education in India.
$25.2 million
6
$9.3Million, Series B
as of January 9, 2025
$64.2 million
as of N/A
8.10
as of N/A
IIFL Finance
and 4 more471
Edufin
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
January 9, 2025 | Series B | $9.3Million | - | - | - | Pravega Ventures, Claypond Capital ,IIFL Finance |
June 15, 2024 | Series B | $5.2Million | $62.0Million | - | - | Pravega Ventures ,IIFL Finance |
January 11, 2024 | Series A | $102.0K | $27.6Million | $2.0Million | 13.6x | Dholakia Ventures |
December 6, 2022 | Series A | $7.2Million | $27.5Million | $991.0K | - | Pravega Ventures, Telama Family Office, Saswad Finance, Kotta Enterprises, Stallion Ventures, Nine Advisors, peercheque, Ardela Partner and company, Dholakia Ventures, Telama Investments, Eternal Capital |
April 26, 2021 | Seed | $1.4Million | $15.7Million | $177.0K | - | Foundation Holdings, QED Innovation Labs, Beeline Impex, Meta Studio Advisors, Nine Advisors |
March 19, 2020 | Seed | $1.2Million | $1.9Million | $71.8K | 10.5x | Foundation Holdings, Beeline Impex, Ashok Wadhwa Family Office, Jeejeebhoy Family Office |