GrayQuest

GrayQuest

Online platform offering fee payment solutions for k-12 schools and universities

Founded

2017

Headquarters

Mumbai (India)

Status

Series B

Company Details

Website

Socials

Email

Phone

+91-9324507084

GrayQuest is a fintech company based in Mumbai, India, specializing in education financing solutions. Here’s a comprehensive overview of the company:

Mission and Vision

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.

Key Services

  1. 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.

  2. Insurance Products:

    • Provides complimentary insurance offerings through its GQ Education Protect program, safeguarding the education of students who pay their fees via GrayQuest.

  3. Loyalty Program:

    • Launched GQ+, India's first and largest loyalty program for students and parents, enhancing customer engagement and retention.

  4. Software Solutions:

    • Delivers software solutions to educational institutions to streamline fee collection and management processes.

Market Position

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.

Recent Developments

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.

Conclusion

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.

Key People

Rishab Mehta

Rahul Mehta

Garvit Mathur

Nikunj Doshi

Key Metrics

Total Equity Funding

$25.2 million

No. of Funding Rounds

6

Latest Funding Round

$9.3Million, Series B

as of January 9, 2025

Post Money Valuation

$64.2 million

as of N/A

Funding Multiple

8.10

as of N/A

Investors

IIFL Finance

and 4 more

Employee Count

471

Similar Companies

Edufin

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
January 9, 2025Series B$9.3Million---Pravega Ventures, Claypond Capital ,IIFL Finance
June 15, 2024Series B$5.2Million$62.0Million-- Pravega Ventures ,IIFL Finance
January 11, 2024Series A$102.0K$27.6Million$2.0Million13.6x Dholakia Ventures
December 6, 2022Series 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, 2021Seed$1.4Million$15.7Million$177.0K-Foundation Holdings, QED Innovation Labs, Beeline Impex, Meta Studio Advisors, Nine Advisors
March 19, 2020Seed$1.2Million$1.9Million$71.8K10.5xFoundation Holdings, Beeline Impex, Ashok Wadhwa Family Office, Jeejeebhoy Family Office

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