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Classplus and Pravega to lead $6 Mn round in GyanDhan

EntrackrEntrackr · 3m ago
Classplus and Pravega to lead $6 Mn round in GyanDhan
Medial

GyanDhan, a platform in the education-finance space, is in the final stages of securing a funding round worth approximately $6 million. Pravega Ventures and Classplus are jointly leading the funding round. A few of GyanDhan’s existing investors are also expected to take part. Gray Matters Capital, Sundaram Finance, and individuals such as Satyen Kothari, Paula Mariwala, and Pravin Gandhi are early backers of the company. GyanDhan has facilitated over Rs 7,000 crore ($840 million) in cumulative loan originations and has established an on-ground presence across 30 cities in India. Founded in 2015 by Ankit Mehra and Jainesh Sinha, GyanDhan is eyeing a valuation of around $15-20 million. Regulatory filings reveal that Classplus and Pravega have already invested Rs 20 crore ($2.33 million) and Rs 10 crore ($1.16 million) respectively, with the remainder of the $6 million round expected to be finalized shortly. GyanDhan has seen rapid growth over the past few years. In FY24, the company posted an operating revenue of Rs 21.4 crore along with a profit of Rs 1.36 crore. Pravega has previously invested in a handful of edtech-focused ventures, while Classplus—a B2B edtech platform—has built a diverse portfolio of educational startups.

GyanDhan elevates Aman Jain to co-founder role

EntrackrEntrackr · 2m ago
GyanDhan elevates Aman Jain to co-founder role
Medial

Education financing platform GyanDhan has elevated Aman Jain to the role of Co-founder. This move acknowledges Aman’s early belief in the company’s mission and his pivotal contributions across marketing, brand building, and strategic growth over the years. Aman now joins Ankit Mehra and Jainesh Sinha as the third co-founder of GyanDhan. Aman joined GyanDhan before the company disbursed its first education loan. He took charge of marketing and branding, helping establish it as a trusted and student-centric name in education financing, transforming an opaque process into a transparent and empowering experience for thousands of students. In recent years, Jain has expanded his role to lead strategic partnerships, building GyanDhan’s B2B ecosystem across more than 30 cities and launching a SaaS+ platform that helps study abroad consultants manage and streamline the loan process for their students. “Being named Co-founder is a deeply meaningful recognition of a journey I’ve been grateful to be part of since the very beginning. Building GyanDhan alongside Ankit and Jainesh has been both fulfilling and inspiring, grounded in trust, shared purpose, and genuine friendship. I’m thankful for their support over the years and look forward to continuing this mission together,” said Aman Jain, co-founder, GyanDhan. Recently, it raised Rs 50 crore (around $5.8 million) in a Series A round from Classplus and Pravega Ventures. The company claims to have enabled over Rs 7,000 crore in loan originations and aims to triple this to Rs 18,000 crore over the next three years. It has seen rapid growth over the past few years. In FY24, the company posted an operating revenue of Rs 21.4 crore along with a profit of Rs 1.36 crore.

Exclusive: StockGro secures Rs 50 Cr debt from Trifecta

EntrackrEntrackr · 7d ago
Exclusive: StockGro secures Rs 50 Cr debt from Trifecta
Medial

url: https://entrackr.com/exclusive/exclusive-stockgro-secures-rs-50-cr-debt-from-trifecta-9780883 Content: Social investment and stock market advisory platform StockGro raised Rs 50 crore ($5.7 million) in debt funding from its existing investor Trifecta Capital. This debt funding follows the Rs 205 crore ($25 million) raised in two tranches in January 2024 from Hindustan Media Ventures and Trifecta Capital. According to filings with the Registrar of Companies (RoC), StockGro’s board approved the issuance of 500 Series B non-convertible debentures at a face value of Rs 10 lakh each, raising Rs 50 crore from Trifecta Capital. Founded in 2020 by former venture capitalist Ajay Lakhotia, the Bengaluru-based StockGro is a fintech platform that simplifies stock market investing through SEBI-registered advisors, offering investment advisory, portfolio management, and educational resources to help users navigate the market. Recently, StockGro has launched Stoxo, India’s first AI-powered stock market research engine. It offers real-time, reliable insights to help retail investors make better decisions. According to startup data intelligence platform TheKredible, the BITCRAFT Ventures-backed company raised over $50 million in both debt and equity, including its $32 million Series A round raised in January 2022. While the company is yet to file its FY25 numbers, its revenue from operations fell 34% to Rs 86.5 crore in FY24 from Rs 131 crore in FY23. During the same period, losses surged 84% to Rs 101 crore.

Go Zero secures Rs 30 Cr in Series A round

EntrackrEntrackr · 5m ago
Go Zero secures Rs 30 Cr in Series A round
Medial

Snippets Go Zero secures Rs 30 Cr in Series A round Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures. Subtle participation also came from notable investors Aman Gupta (through Shark Tank India) and Namita Thapar (outside the tank). With this round, Go Zero has raised a total of $6 million to date. Earlier in June 2024, Go Zero raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures. The proceeds will be used to fuel supply chain expansion, innovation in product offerings, and brand growth as Go Zero continues its expansion on quick-commerce platforms in tier I and tier II markets. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Since its inception in July 2022, Go Zero claims to have offer 100% sugar-free products with 50% fewer calories than traditional ice creams. The brand has achieved 5X revenue growth in its second year and 3X in the third. Despite January being the off-season for ice cream sales, Go Zero recorded its highest-ever sales in January 2025, crossing Rs 5 crore in revenue. With a strong presence across Mumbai, Delhi, Pune, Bangalore, and Hyderabad, Go Zero is also set to launch new guilt-free formats, including kulfi sticks and cassata. The firm currently operates two manufacturing units in Mumbai and Bangalore. Go Zero competes with Hangyo Ice Cream, Hocco, and NIC. In 2023, NIC raised $11 million in a funding round led by Jungle Ventures, while Hocco also secured $12 million from the Chona family and other investors. Meanwhile, Hangyo Ice Cream secured India's largest venture funding for an ice cream brand, raising $25 million from Faering Capital in August last year.

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