GyanDhan
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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.
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.
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.
People
FOUNDERS
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
1-10
INVESTORS:
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.
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:
Momentum
FUNDED
YES
FUNDING COMPLETED
NO
LISTED
NO