GradRight, the B2C-SaaS ed-fintech ecosystem, seamlessly integrates prospective students, universities, and lenders on one unified platform. The ed-FinTech startup has impressively secured INR 50 crore in a Series A round of financing, according to are report from Entrepreneur India.
The venture capital powerhouse, IvyCap Ventures, stands as the prime investor behind this notable influx. Moreover, Tej Kapoor, the managing partner of IvyCap Ventures, is set to grace the board of GradRight as the firm’s representative.
Delving deeper, GradRight’s chief aim is to fundamentally alter the approach students select colleges and source financing, underpinned by an AI-augmented ecosystem which encompasses an extensive array of universities and financial institutions.
The revolutionary platform is designed with the intent of providing international higher education to students from lower and middle-income strata. By utilising cutting-edge technology, data analytics, and the power of community engagement, GradRight ensures that students gain the insights they need to opt for high-yield programmes. This, in turn, aids universities in recognising and admitting the most fitting candidates, while simultaneously equipping banks with the tools to finance these high-calibre students’ aspirations.
GradRight’s co-founders generously shared their perspective. GradRight CEO Aman Singh and COO Sasidhar Sista jointly expressed, “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.”
IvyCap Ventures’ head honcho, founder and managing partner Vikram Gupta, articulated his take, “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.”
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