GrayQuest funding, investors and company details

GrayQuest is an emerging Financial Services - Fintech startup from Mumbai, working in the space of Fintech startup that simplifies education fee payments through its SaaS platform. Founded by Rishab Mehta, Rahul Mehta.

Company: GrayQuest Education Finance Private Limited
Sector: Financial Services - Fintech
Location: Mumbai
Founders: Rishab Mehta, Rahul Mehta
Total funding raised: ₹137.51 Cr

Company overview

GrayQuest is a fintech startup that simplifies education fee payments through its SaaS platform. Founded in 2017, GrayQuest provides an integrated fee collection and financing solution for educational institutions. The company’s platform enables seamless online payments, real-time tracking, and easy reconciliation, reducing the administrative burden for schools and colleges. For parents and students, GrayQuest offers flexible financing options, converting annual education fees into bite-sized monthly installments at no extra cost, making education more affordable. It has partnered with over 6,500 educational institutes across India, serving more than 200 million students as part of its mission to become the default method of paying education fees. By bridging the gap between education financing and digital fee management, GrayQuest is emerging as a key player in India’s education technology and financial services sector. It empowers education by making fee payments flexible, digital, and stress-free for institutions and families.

Funding rounds

Latest round (Series B): ₹80.00 Cr. ($ 9.24 Mn), 2025-01-10. Investors: IIFL Fintech Fund, Claypond Capital, Pravega Ventures
Past round (Series A): $ 7.00 Mn (₹57.51 Cr.), 2023-03-09. Investors: Pravega Ventures