EduFund

About EduFund

Based in Ahmedabad, India, EduFund is a financial technology company focused on the education sector. It was founded in 2020 by Eela Dubey and Arindam Sengupta to address the challenge of rising education costs, which significantly outpace general inflation in India. The founders' backgrounds provided a strong foundation for the venture; Dubey's personal experience with the financial complexities of funding her own education at New York University, combined with a career in finance, instilled a passion for making education financially accessible. Sengupta brings over 15 years of expertise from Wall Street and the Indian mutual fund market.

The company operates a comprehensive platform that provides Indian families with end-to-end solutions for planning and funding their children's education, from early schooling to university. EduFund's business model revolves around offering a suite of integrated financial services. It empowers parents to save and invest for future education costs through tailored investment portfolios that include mutual funds, U.S. ETFs, and digital gold. The platform's revenue is generated through these financial services. The company has established a robust partner network, collaborating with over 40 asset management firms and more than 15 lending institutions, which include public and private sector banks, NBFCs, and international lenders.

EduFund's core offering is an application that simplifies the financial planning process. It features AI-driven advisory services to create personalized savings and loan strategies tailored to each family's goals. Beyond investments, the platform facilitates access to education loans, provides expert counseling, and assists with related services like visa applications and international remittances. A key objective for the company is to expand its services into Tier II and Tier III cities, making structured education finance tools accessible to middle-income families outside of India's major metropolitan areas. Since its inception, the company has attracted over 250,000 users and has secured a total of $12 million in funding to scale its operations.