Ed-FinTech startup GradRight announced that it has successfully raised ₹50 crore in Series A funding from IvyCap Ventures, a renowned homegrown venture capital firm.
The infusion of funds will serve as a catalyst for GradRight’s vision to transform college selection and financing for students through its AI-powered ecosystem of universities and banks. GradRight aims to make international higher education accessible and affordable for lower and middle income students across the world, the statement said.
GradRight is revolutionizing the way students select and finance their education. As the world’s first
B2C-SaaS Ed-FinTech ecosystem, GradRight brings together prospective students, universities, and
lenders on a single platform. By leveraging technology, data science, and community, GradRight
empowers students to make informed decisions on high-return programs, enables universities to
identify and admit the most suitable students, and facilitates banks in financing the dreams of high-
potential students. The platform eliminates intermediaries, fosters global organization in the higher
education sector, and promotes transparency and accountability, according to the statement.
Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, stated, “At IvyCap Ventures, we invest in passionate founders with credible professional experience and strong backgrounds, who are committed to highly scalable and innovative business models. GradRight has the potential to transform the global higher education admissions and financing market. Their technology-driven solution is well-positioned for profitable scaling; it is adaptable across markets and can emerge as a leader in the sector.”
Tej Kapoor, Managing Partner of IvyCap Ventures will be joining the board of GradRight on behalf of IvyCap Ventures.
Aman Singh, Co-Founder and CEO of GradRight and Sasidhar Sista, Co-Founder and COO said, “Globally, millions of capable students struggle to select and finance their higher education. Four out of five students who aspire to pursue higher education are unable to enroll, mainly due to a lack of adequate guidance and financial constraints. As a tech-first company with a platform-based approach to solving these problems, we are committed to ensuring that every student has the resources they need to obtain the education they deserve. We are delighted that IvyCap Ventures shares our vision and has chosen to support us in our mission and global ambition. Their belief in our unique business model further strengthens our commitment.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.