EduFund, an India-based education planning and financing platform, has raised US$6 million in a series A funding round led by Cercano Management and MassMutual Ventures.

The funds will enhance the platform’s AI-driven advisory services and expand education loan options for underserved undergraduate students, especially in Tier II and III cities.

Founded in 2020 by Eela Dubey and Arindam Sengupta, EduFund offers investment planning, loans, visa support, remittances, and counseling for Indian families.

The platform has over 250,000 users and a network of 40+ asset managers and 15 lenders.

EduFund has raised US$12 million to date, including a US$3.5 million round in 2023, also led by MassMutual Ventures.