Startup Atlas · Education Financing

Eduvanz

Eduvanz Financing Private Limited ● Mumbai, Maharashtra ● Founded 2016 ● eduvanz.com ↗

Varun Chopra · Co-Founder & CEO Raheel Shah · Co-Founder (departed as Chief Business Officer, July 2025) Atul Sashittal · Co-Founder Parth Upadhyay · Co-Founder (joined founding team later)

$46.5 MnTotal funding (tracked)

7Funding rounds

8 Feb 2025Last round

Eduvanz: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Zero/low-interest education loans

Provides online education loans to students and working professionals seeking to upskill at zero interest.

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AI-based credit scoring for thin-file borrowers

Uses proprietary artificial intelligence (AI) based algorithms and predictive analytics to assign credit scores to loan-seeking students based on socio-economic and demographic background.

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Instant unsecured loans

Offers unsecured education loans instantly via an online platform.

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No-cost EMI for education and lifestyle purchases

Digital Fintech NBFC offering fast, convenient, and affordable no-cost financing solutions for learning, career goals, electronics and mobility products.

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Customer Segments

K-12 and higher-education studentsK-12 to higher-ed

Serves K-12 students preparing for entrance tests and higher education, financing school fees, coaching and test prep.

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Working professionals seeking to upskill

Offers online education loans to working professionals seeking to upskill at zero interest.

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Salaried and self-employed individuals

Loans cover salaried and self-employed individuals for upskilling expenses.

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Consumers of electronics, gaming and mobility products

No-cost EMI financing for electronics (Apple), gaming (Xbox), wearables (Amazfit), and mobility brands (Revolt, M2GO, Kinetic, Evtric).

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Customer Relationships

No cited public information yet.

Channels

Digital/online lending platform

Offers unsecured education loans instantly via an online platform.

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Partner institute network300+ institutes, 240+ cities

Operations spanning more than 240 cities and more than 300 institutes as of the Series A round (2020).

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Point-of-sale EMI at retail/brand partners

No-cost EMI financing distributed via electronics, gaming, wearable, and mobility brand partners (Apple, Xbox, Amazfit, Revolt, M2GO, Kinetic, Evtric).

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Key Activities

AI-based loan underwriting

Uses proprietary AI-based algorithms and predictive analytics to assign credit scores to loan-seeking students based on socio-economic and demographic background.

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NBFC lending operationsRs 300 Cr disbursed to 25,000+ learners

Operates as an RBI-licensed non-banking financial company (NBFC) disbursing education loans; has disbursed loans worth Rs 300 crore to over 25,000 learners (as of Aug 2021).

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Key Resources

No cited public information yet.

Key Partnerships

Academic institutions and training partners

Collaborates with training partners, corporates and certification providers spanning more than 16 industry sectors; partnered with more than 80 institutes such as Imarticus, K-11, and ISBM.

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Consumer electronics and mobility brands

No-cost EMI financing partnerships with electronics (Apple), gaming (Xbox), wearables (Amazfit), and mobility brands (Revolt, M2GO, Kinetic, Evtric).

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CRISIL (credit rating agency)

Eduvanz has been rated by CRISIL Limited and enjoys BBB- (minus) rating for Long-Term borrowings.

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Revenue Streams

Discounts earnedRs 5.45 Cr in FY21

Rs 5.45 crore of FY21 operating revenue came from discounts earned.

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CommissionsRs 4.52 Cr in FY21

Rs 4.52 crore of FY21 operating revenue came from commissions.

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Processing feesRs 2.01 Cr in FY21

Rs 2.01 crore of FY21 operating revenue came from processing fees.

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Interest on loan disbursalRs 1.48 Cr in FY21

Rs 1.48 crore of FY21 operating revenue came from interest on loan disbursal.

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Cost Structure

Employee benefits~50% of FY21 expenses

Employee benefit expenses were Rs 12.5 crore in FY21, about 50% of total expenses, up 82% from FY20's Rs 6.88 crore.

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Finance costRs 5.93 Cr in FY21

Finance cost rose 237% to Rs 5.93 crore in FY21 from Rs 1.76 crore in FY20.

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Legal and professional feesRs 1.36 Cr in FY21

Legal and professional fees rose 40% to Rs 1.36 crore in FY21 from Rs 0.97 crore in FY20.

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FAQs on Eduvanz

What is Eduvanz's business model?

Eduvanz's core value proposition centers on Zero/low-interest education loans, AI-based credit scoring for thin-file borrowers, Instant unsecured loans, No-cost EMI for education and lifestyle purchases.

How does Eduvanz make money?

Eduvanz's cited revenue streams include Discounts earned, Commissions, Processing fees, Interest on loan disbursal.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: eduvanz.com · Last verified 15 Jul 2026. · Report a correction