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Jun, 05 2017

Sundaram Finance Group invests an undisclosed amount in Gyandhan

Gyandhan helped over 250 students get education loans of around Rs 60 crore

Gyandhan, an education financing startup, has raised an undisclosed amount from Sundaram Finance Group.

Delhi-based GyanDhan is an online marketplace for education loans for students aspiring to pursue studies abroad. Founded by two IIT alumni, the startup helped over 250 students get education loans of around Rs 60 crore.

T T Srinivasaraghavan, Managing Director, Sundaram Finance, said, The group is looking to make investments as opportunities arise. The aim is to associate with firms where there is synergy with group strategy."

The investments will be minority stakes in early stage ventures with ticket sizes of $1 million or less, through larger investments will be made where warranted.

Harsha Viji, Deputy Managing Director, Sundaram Finance, said, "The company is already engaging with multiple start-ups with various types of engagement models including operational, financing and also equity investments where it make sense."

Vij added, "The group is also looking to co-invest with like-mided venture capitalists and angel investors in this space."

Ankit Mehra, Co-founder, GyanDhan, said, "We are delighted that Sundaram Finance has shown confidence in us, and will help us grow as a responsible financial services business." 

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