GyanDhan

lendingp2p lending

FOUNDING YEAR: 2015
LOCATION: India
Last Update: 19/01/2021

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About

Every year, tens of thousands of talented students are unable to reach their full potential due to lack of reasonable financing. GyanDhan solves for this problem. We are an education financing marketplace, wherein we gather and curate students using our internal risk scoring model. This enables lenders - both institutions and individuals - to finance the students of their choice, either through loans or scholarships.

MEDICI Analysis

GyanDhan is a student lending platform creating a unique approach and a new way of evaluating Students’ credit based on their potential. GyanDhan evaluates credit-worthiness for talented students by using academic records, IQ scores, target institutions, and other factors in conjunction with traditional determinants of credit quality.

Focus

PRODUCTS & SERVICES

Educating financing marketplace providing financial solutions for education. Solves the problem of education inequality by providing financing options to students who experience trouble getting the students loans.

REVENUE MODEL

We get paid a fixed % of the total loan disbursement by the partner banks as of now. In the future, we will be adding a % of loan book to the revenue stream once we start offering on-going monitoring

EXISTING PARTNERSHIPS

Has partnered with various financial institutions and educational institutions.

PRIMARY PROBLEM SOLVED

Employability model that helps evaluate the ability of a student to repay the loan after he/she will have completed his/her education. This is critical in addressing banks' concerns around building a profitable education loan book.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

COMMENT

The company let the students from leading institutions apply for an education loan or for studying abroad without requiring any mortgages as security.

company provided insights

Traction

COMPANY TYPE:

For Profit

REVENUE

$0 - $99k

REVENUE COMMENT:

This is our revenue to date in calendar 2017 for the loans we had booked in 2016. our total revenue for the $4.5m loans booked is $32k

NUMBER OF TRANSACTIONS:

130.00

TRANSACTIONS VALUE:

4.5 M

TRANSACTIONS COMMENT:

Transactions volume refers to the number of students who finally got a loan through our platform. 130 students have taken over 30crores in loans through the platform in 2016.

ACTIVE USERS:

5000

ACTIVE USERS COMMENT:

We have 3 partner banks, SBI, Axis, and BoB. As far as the number of users listed above is concerned, it refers to the most recent monthly user volume

TRACTION COMMENT:

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

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

2

DATE OF LAST FUNDING

Jul 2016

IPO STATUS

Private

TOTAL FUNDING COMMENT

Undisclosed 2 rounds of funding

ESTIMETED REVENUE RANGE

$1M to $10M

SEED CLOSED ON

Jul 2016

LISTED

NO

COMMENT

An undisclosed amount raised in June 2017.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

64,814

AVERAGE VISITS (6 MONTHS)

41,946.56

MONTHLY VISITS GROWTH

73.74%

VISIT DURATION

176

VISIT DURATION GROWTH

33.52%

PAGE VIEWS VISIT

2.08

PAGE VIEWS VISIT GROWTH

-14.93%

BOUNCE RATE

74.85%

BOUNCE RATE GROWTH

8.48%

GLOBAL TRAFFIC RANK

439,259

MONTHLY RANK CHANGE

-326,901

MONTHLY RANK GROWTH

-42.67%

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GyanDhan

About

GyanDhan is a student lending platform creating a unique approach and a new way of evaluating Students’ credit based on their potential. GyanDhan evaluates credit-worthiness for talented students by using academic records, IQ scores, target institutions, and other factors in conjunction with traditional determinants of credit quality.

Focus

PRODUCTS & SERVICES

Educating financing marketplace providing financial solutions for education. To the banks, we offer a student employability assessment tool that help them 1.) Reduce risk by focusing on highy employable candidates 2.) Expand footprint by creating new loan structures, including unsecured education loans, that account for student potential. To the students, we offer a one-stop solution for their financing needs. In addition to launching new products like the 30 lakh unsecured loan for higher studies abroad through our partner banks, we also 1.) help students in the loan application process focusing primarily on loan approval timelines. 2.) provide a scholarship listing and search portal 3.) help provide services like admit predictor model to help students select colleges

REVENUE MODEL

We get paid a fixed % of the total loan disbursement by the partner banks as of now. In the future, we will be adding a % of loan book to the revenue stream once we start offering on-going monitoring

TOP PROBLEM SOLVED

Employability model that helps evaluate the ability of a student to repay the loan after he/she will have completed his/her education. This is critical in addressing banks' concerns around building a profitable education loan book.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

There is no model that currently evaluates prospects of a student getting a job. The best proxy is either a school ranking or GRE scores, both of which have considerable deficiencies. Our model actually focuses on the ability part of the credit risk.

KEY DIFFERENTIATORS

Built on actual data from the last 15 years.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

White label

STRATEGIC CLIENTS AND PARTNERSHIP

State Bank of India : Client

Axis Bank : Client

Bank of Baroda : Client

Traction

ANNUAL REVENUE:

$0 - $99k

REVENUE COMMENT:

This is our revenue to date in calendar 2017 for the loans we had booked in 2016. our total revenue for the $4.5m loans booked is $32k

NUMBER OF TRANSACTIONS:

130.00

TRANSACTIONS VALUE:

4.5 M

TRANSACTIONS COMMENT:

Transactions volume refers to the number of students who finally got a loan through our platform. 130 students have taken over 30crores in loans through the platform in 2016.

ACTIVE USERS/ACCOUNTS:

5000 Million

ACTIVE USERS COMMENT:

We have 3 partner banks, SBI, Axis, and BoB. As far as the number of users listed above is concerned, it refers to the most recent monthly user volume

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

1. Increased exposure on college campus through events 2. Content marketing leading to inbound traffic 3. Referrals

CHANNEL STATUS

CHANNEL SECURE

NUMBER OF CLIENTS OR PAYING CUSTOMERS

3

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

We experienced financial constraints during our studies. This experience fuels our passion for democratizing education. We draw the tools needed to build a sustainable education financing offering from the several years we spent shaping credit strategies for Capital One, one of the biggest banks in the US. Ankit Mehra, CEO,co-founder, is an alum of IIT Kanpur (Class of 2007),IESE MBA (Class of 2015) with a c.6 years experience in strategy at Capital One,investment banking at Credit Suisse. Jainesh SInha, COO,co-founder, is an alum of IIT Delhi (Class of 2009) with a c.5 year experience in risk analytics,business strategy at Capital One. Aman Jain leads marketing,operations,is an IIT-Kanpur graduate of 2016. Jayant Sharma leads tech development,is an IIT-Kanpur alum from the class of 2013. Rachit Jain works in the data science team,is an alum of IIIT-D

INVESTORS:

Click Labs

Harvard Angels

Samar Singla

Stanford Angels and Entrepreneurs

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
May 2016
USD170 K
at a USD1.33 Mvaluation
Comment on Seed
Participation from Indian chapters of Stanford Angels, Harvard Angels, and angel investors. Stanford Angels and Entrepreneurs