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EduFund, an education planning and financing platform, has raised $6 million in a funding round led by Cercano Management and MassMutual Ventures.
The funds will be used for scaling artificial intelligence (AI)-driven advisory, expanding the range of loan products, and deepening presence in tier II and tier III markets.
“Education is a consumer staple in India, and parents already spend about 30 percent of their earnings on it. With costs rising at home and abroad, the middle-class Indian parent faces a major challenge,” said Eela Dubey, cofounder…
