Fintech startup GrayQuest has raised $7 million in a Series A funding round led by Pravega Ventures, with participation from the Weizmann Group, Telama Family Office and Apurva Parekh (Pidilite Family Office).
The round also saw participation from existing investors, such as the family offices of Ashok Wadhwa (Founder – Ambit Capital) and Yogesh Mahansaria and prominent entrepreneurs such as Kunal Shah and Miten Sampat (CRED), Anupam Mittal (Shaadi.Com), David Piexoto (Isaac), Sujeet Kumar (Udaan), Abhishek Goyal (Traxcn), Nitin Gupta (UNI), Pravin Jadhav (Raise Financial Services), Aakrit Vaish (Haptik) and Dhyanesh Shah & Revant Bhate (Mosaic Wellness) participated in the funding round as well.
Founded in 2017 by Rishab Mehta, GrayQuest provides payment solutions for educational institutions by providing a unified payment platform to digitize and boost their fee collection.
The startup enables parents to pay their wards’ annual education fees in up to 12 monthly instalments without any extra cost.
Source @Indianstartupnews
