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Sundaram Finance invests in higher education financing start-up GyanDhan

GyanDhan helped over 250 students get education loans of around Rs 60 cr

T E Narasimhan  |  Chennai 

GyanDhan

Group has made an investment in a Delhi-based start-up The company said it is part of group's effort to start engaging with start-ups in the areas of financial services and fin-tech. The company did not disclose the amount invested.

is an online marketplace for education loans for students aspiring to pursue studies abroad. Founded by two IIT alumni, helped over 250 students get education loans of around Rs 60 crore.

T T Srinivasaraghavan, managing director, said that the Group is looking to make investments as opportunities arise. The aim is to associate with firms where there is synergy with group strategy.

The investments will be minority stakes in early stage ventures with ticket sizes of $1 million or less, through larger investments will be made where warranted.

Harsha Viji, deputy managing director, added the company is already engaging with multiple start-ups with various types of engagement models including operational, financing and also equity investments where it make sense.

The Group is also looking to co-invest with like-mided venture capitalists and angel investors in this space, added Viji.

First Published: Mon, June 05 2017. 15:20 IST
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