Live Breaking News & Updates on Eduvance Financing

Sequoia backed fintech Eduvance to raise $15 m
May 25, 2021
NBFC offers student loans at 0% interest rate
Private equity player Sequoia backed fintech player Eduvance Financing will be raising $15 million in another round of financing deals this month, sources told
Business Line. Eduvance provides education loans at “zero” per cent interest rate and is a Reserve Bank of India (RBI) registered NBFC.
So far, Eduvance has extended education loans to the tune of ₹400 crore. Sequoia had invested close to $7 million in Eduvance during its previous rounds of fund raising. Eduvance has already signed term sheets with investors for the next round of funding and the deals are likely to be closed this month, the sources said. Apart from Sequoia, Unitus Ventures is another investor in Eduvance. ....

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