The freshly raised funds will be utilized by the startup to make international higher education more accessible and affordable for students of lower and middle-income students.
Post this funding round, Tej Kapoor, the Managing Partner of IvyCap Ventures will join the Board of GradRight, on behalf of IvyCap Ventures.
Founded in 2019, by Aman Singh and Sasidhar Sista, GradRight is an Ed-FinTech company based between United States and India. It is a SaaS platform that brings together students, banks and universities to power smarter 'Selection' and 'Financing' of college education. Using data science, technology and strategic partnerships across the industry, GradRight is enabling students to find the 'Right University' at the 'Right Cost'.
Over the past two years, GradRight's platform has processed loan requests of over $1.75 billion (INR 14,300 crore) and assisted more than 55,000+ students. The platform offers students a choice of 15 lenders and 13,100 programs across 1,000 universities. With a significant user base of students from Tier 2 and Tier 3 cities across India, GradRight is bridging the equity gap in accessing global higher education.
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