GyanDhan

GyanDhan

Lending | P2P Lending
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  • FOUNDING YEAR: 2015
    LOCATION:
    India
    REGION:
    DL
    Last Update:
    27 Jun, 2019
    Global presence:
    India

Description

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.
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:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
Has partnered with various financial institutions and educational institutions.
COMMENT
The company let the students from leading institutions apply for an education loan or for studying abroad without requiring any mortgages as security.
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:
Viewable by subscribers only
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
Viewable by subscribers only
KEY DIFFERENTIATORS
Viewable by subscribers only
PRIMARY CUSTOMER TYPE
Viewable by subscribers only
PRODUCT ATTRIBUTES
Viewable by subscribers only
STRATEGIC CLIENTS AND PARTNERSHIP
Viewable by subscribers only Viewable by subscribers only Viewable by subscribers only

PEOPLE


FOUNDERS:
Ankit Mehra, Jainesh Sinha
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Harvard Angels, Stanford Angels and Entrepreneurs, Samar Singla, Click Labs, Sundaram Finance Group
FOUNDERS:
Ankit Mehra, Jainesh Sinha
NUMBER OF EMPLOYEES:
1-10
KEY EMPLOYEES:
CEO: Ankit Mehra
CTO: Ankit Mehra
COO: Jainesh Sinha
CRO: Jainesh Sinha
TEAM COMMENT:
Viewable by subscribers only
BOARD MEMBERS:
Ankit Mehra, Jainesh Sinha

TRACTION


COMMENT:
GyanDhan helped over 250 students get education loans of around Rs 60 crore.
ANNUAL REVENUE:
$0 - $99k in 2017
REVENUE COMMENT:
Viewable by subscribers only
NUMBER OF TRANSACTIONS:
130
TRANSACTIONS VALUE:
$4.5 Millions
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:
5 K
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:
Viewable by subscribers only
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
Viewable by subscribers only
NUMBER OF CLIENTS OR PAYING CUSTOMERS:
Viewable by subscribers only

MOMENTUM


FUNDED:
YES
DATE OF LAST FUNDING:
Jun 2017
TOTAL FUNDING COMMENT:
Undisclosed 2 rounds of funding
SEED PRIOR FUNDING COMMENT:
An undisclosed amount raised in seed round in July 2016.
FUNDING COMPLETED:
Viewable by subscribers only
FUNDED:
YES
TOTAL FUNDING:
$170 K
LISTED:
Viewable by subscribers only
FUNDING SERIES:
Seed
May 2016
$170 K
at a $1.33 Millions valuation
Comment on Seed
Viewable by subscribers only
Investors
Viewable by subscribers only

FOR INVESTORS

FUNDING NEEDED
$2.5 Millions
USES OF FUNDS RAISED
Viewable by subscribers only
Viewable by subscribers only
Viewable by subscribers only
EXIT STRATEGY
Viewable by subscribers only
MONTHS LEFT WITH CURRENT CASH BURN RATE
Viewable by subscribers only

LATEST RESEARCH


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