EduFund in the News

ETPrime "The new tax proposal in the Budget 2021 has left ULIP investors anxious about this commonly used investment option giving tax free return. For investors, especially in higher income tax bracket, the substantial tax advantage of section 10(10D) of the Income Tax Act besides the opportunity to gain higher return through equity investment has been the biggest motivator to go for ULIPs.

Feb 08, 2021, 12:07 PM IST

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YOURSTORY "Children and young adults: fintechs find a new and thriving customer base......These days, children are also looking to grow their wealth. Here is how neo-banks and fintech apps are stepping up their game to cater to this growing customer ........."

Feb 10, 2021

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MONEYCONTROL "With rising higher education fees and the growing aspirations of parents in their choice of education for their children, paying education fees is now a significant expenditure for most households."

Feb 11, 2021 / 07:42 PM IST

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FINTECHZOOM "Our children are the future, and we should do everything in our power to enable and accelerate them. For parents, nothing should be more important than thinking about their child’s tomorrow, today,” Eela Dubey, Co-founder of EduFund, tells YourStory.."

Feb 11, 2021 / 07:42 PM IST

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THE ECONOMIC TIMES"Financial technology startup EduFund said that it has raised Rs.2.5 crores in a pre-seed round led by US-based holding corporation ViewTrade Holding Corp. Angel investors from a private syndicate through AngelList also participated in this round."

Feb 12, 2021, 12:29 PM IST

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MINT "EduFund one of India’s fastest-growing higher education planning apps has recently raised INR 2.5 crore as part it’s pre-seed investment round. ViewTrade Holding Corp – a US-based holding corporation which owns a full-service brokerage firm and a technology company was the key investor followed by other angel investors from a private syndicate through Angel List."

13 Feb 2021, 12:15 AM IST

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YOURSTORY "Fintech platform helping with higher education planning, EduFund, has recently raised Rs 2.5 crore as part of a pre-seed investment round led by View Trade Holding Corp. According to an official statement, the startup intends to use the funds for product expansion by integrating more plans to fulfil the financial and education goals of parents and students."

11th Feb 2021

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Entrepreneur INDIA "Higher education planning app EduFund said to have recently raised INR 2.5 crore as part of its pre-seed investment round. The US-based holding corporation View Trade Holding Corp which owns a full-service brokerage firm and a technology company was the key investor followed by other angel investors from a private syndicate through angel list."

11th Feb 2021

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BW DISRUPTS "EduFund one of India’s fastest-growing higher education planning apps has recently raised INR 2.5 Cr. as part it’s pre-seed investment round. ViewTrade Holding Corp – a US-based holding corporation which owns a full-service brokerage firm and a technology company was the key investor followed by other angel investors from a private syndicate through Angel List."

11th Feb 2021

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VC CIRCLE "EduFund, a higher education planning startup, has raised Rs 2.5 crore (around $343,246) in a pre-seed funding round from a group of investors.The key investor in this exercise is ViewTrade Holdings Corp, a United States-based holding company that operates a full-service brokerage and technology firm, Ahmedabad-based EduFund said in a statement."

11th Feb 2021

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TECH CIRCLE "EduFund, a higher education planning startup, has raised Rs 2.5 crore (around $343,246) in a pre-seed funding round from a group of investors.The key investor in this exercise is ViewTrade Holdings Corp, a United States-based holding company that operates a full-service brokerage and technology firm, Ahmedabad-based EduFund said in a statement."

11th Feb 2021

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CEOL BUREAU "The company will use the funds for product expansion. It further aims to integrate more plans to fulfil the financial and education goals of parents and students. On the fundraise and company, Eela Dubey – Co-founder and CEO of EduFund said,."

12th Feb 2021

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ENTRACKR "This week 30 Indian startups raised funding, of which 25 received a total sum of about $320 million. Among them, BharatPe raised the highest funding of about $108 million followed by Dailyhunt, which raised around $100 million.Meanwhile, funding for 5 of the total funded startups remained undisclosed."

13th Feb 2021

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IBS intelligence "Ahmedabad-based FinTech startup EduFund raised INR 25 million as part of its pre-seed investment round from ViewTrade, a US-based holding corporation, as mentioned in media reports. ViewTrade was the main investor along with other angel investors from a private syndicate through Angel List.EduFund provides parents with the means to build an education fund for the child higher studies. The company plans on using the raised funds for product expansion by incorporating more policies to fulfil the financial and educational goals of students."

12th Feb 2021

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ZEEBIZ   "Union Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-22. FM Nirmala Sitharaman has made a number of announcements pertaining to textiles, manufacturing, railways, startups, health, infrastructure, income tax and other domains. Welcoming the announcements made by FM Sitharaman, PM Narendra Modi said that Union Budget 2021-22 contains the vision of self-reliance as well as inclusiveness. Modi added that this was one of the rare Budget speeches that elicited so many positive reactions from experts."

2nd Feb 2021

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https://economictimes.indiatimes.com/wealth/invest/should-you-still-invest-in-ulips-despite-budget-2021s-new-tax/articleshow/80722015.cms?from=mdr

ETPrime "The new tax proposal in the Budget 2021 has left ULIP investors anxious about this commonly used investment option giving tax free return. For investors, especially in higher income tax bracket, the substantial tax advantage of section 10(10D) of the Income Tax Act besides the opportunity to gain higher return through equity investment has been the biggest motivator to go for ULIPs.

Feb 08, 2021, 12:07 PM IST

https://yourstory.com/2021/02/fintech-startups-for-children-teenagers-india-financial-services

YOURSTORY "Children and young adults: fintechs find a new and thriving customer base......These days, children are also looking to grow their wealth. Here is how neo-banks and fintech apps are stepping up their game to cater to this growing customer ........."

Feb 10, 2021

https://www.moneycontrol.com/news/business/personal-finance/education-loans-steps-to-choose-from-banks-nbfcs-and-fintechs-6492771.html

MONEYCONTROL "With rising higher education fees and the growing aspirations of parents in their choice of education for their children, paying education fees is now a significant expenditure for most households."

FEBRUARY 11, 2021 / 07:42 PM IST

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