Education financing platform GyanDhan elevates Aman Jain to Co-founder role

GyanDhan, the Indian education financing platform, has elevated Aman Jain to the role of Co-founder. Jain, an early team member who joined before the disbursal of the company’s first education loan, now formally joins Ankit Mehra and Jainesh Sinha as the third co-founder.

A graduate of the Indian Institute of Technology, Kanpur, Jain played a pivotal role in shaping GyanDhan’s student-centric identity in an industry often mired in opacity and complexity. Starting with oversight of the company’s marketing and branding functions, he helped transform GyanDhan into a trusted name for students seeking education loans for overseas studies.

In recent years, his remit expanded to include strategic partnerships and enterprise growth. Jain led the development of GyanDhan’s B2B infrastructure, now spanning more than 30 cities, and helped launch a SaaS+ platform that enables study-abroad consultants to manage and track loan applications more effectively.

His elevation comes as the company enters a new phase of growth. Earlier this year, GyanDhan raised Rs 50 crore (approximately $5.8 million) in a Series A funding round from Classplus and Pravega Ventures.

The startup plans to scale its consultant network and invest in technology to streamline the student financing journey. Additionally, it aims to expand its physical presence to over 50 Tier 2 and Tier 3 cities, double its base of financial partners from 15 to 30, and grow its team across technology, credit, and sales.

Since inception, it has facilitated more than Rs 7,000 crore in education loans for Indian students studying in India and abroad. The startup now plans to more than double that number to Rs 18,000 crore in originations over the next three years. In fiscal year 2024, the startup reported an operating revenue of Rs 21.4 crore and a profit of Rs 1.36 crore.