Invest4Edu, an education planning, saving and investment services platfrom, has raised $3 million in seed funding from family offices. This is as per media reports
It is reported that the funding will be used to accelerate growth and deepen the firm's impact in the early planning and financial support domains.
Peeyush Agrawal, CEO of Invest4Edu, said, “We are excited to announce that Invest4Edu has successfully secured seed Funding of $3 million. Huge thanks to our investors as well as everyone who helped with the fundraising and cheered us along. This is an important step in our journey of making quality education accessible to all," reported startup story.
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Invest4Edu was founded in 2021 by Peeyush Agrawal, Rozy Efzal, Hemika Tanwar, Chintan Kotak, Tushar Bopche, Aditya Agarwala and Manoj Sharma. Apart from offering education planning, saving and investment services, it also offers skill-building and career planning services to schools and colleges. It also aims to address the concerns arising around the cost of education, college planning and long-term payment
The start-up based in Mumbai claims that it has over 50,000 user education journeys on the platform and trained more than 8000 individuals on financial literacy.
Recently, Invest4Edu has onboarded Hemika Tanwar as co-founder and chief people officer along with Chintak Kotak as co-founder and global business lead.
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As per Entrackr, the company's revenue building a $250 million mutual fund AUM and a monthly SIP book of $6 million.
Invest4Edu’s addressable market size is estimated to be over $2.5 billion.
The education market in India is witnessing rapid growth, with average spending on higher education reaching $73 billion, and the study abroad market valued at $50 billion as per a reports.
Recently, Education focussed NBFC Varthana raised a funding of Rs 27 crore to boost its education financial offerings. In the same month, a fintech start-up propelled got a debt fund worth Rs 208 crore.
