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Eduvanz to raise Rs 100 crores in series B round of funding.

Eduvanz is a new age Digital Finance company that provides education loans for ‘zero interest’ to make education universally accessible by providing easy, transparent, and speedy financial assistance using innovative technology solutions and to empower students to make educated and informed decisions by providing free financial resources and unbiased advice

It is a Financial Services Company and a Reserve Bank of India (RBI) registered NBFC with a size of about 200 employees, Headquartered in Mumbai, Maharashtra.

Eduvanz was founded in September 2016. Varun Chopra, CEO of Eduvanz, is from IIT-Madras and previously worked with Nomura and Deutsche Bank. Raheel Shah, an IIM-Ahmedabad, has worked with Accenture and Atul Sashittal was with CLSA and Angel Broking earlier.

Sequoia had invested close to $7 million in Eduvanz during its previous rounds of fundraising. Apart from Sequoia, Unitus Ventures is another investor in Eduvanz.

Eduvanz is likely to be planning for its IPO at around 2024.

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Written by Ravi Tilekar


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