GrayQuest, a fintech firm, has received $7 million in its Series A round, or Rs 56 crore.
Family investors like Weizmann Group, Telama Family Office, and Apurva Parekh participated in the round, which was headed by Pravega Ventures (Pidilite Family Office). Previous investors including the family offices of Yogesh Mahansaria and Ashok Wadhwa, founders of Ambit Capital, also contributed to the investment round.
Prominent businesspeople such David Piexoto (Isaac), Anupam Mittal (Shaadi.Com), Abhishek Goyal (Traxcn), Nitin Gupta (UNI), Pravin Jadhav (Rise Financial Services), Aakrit Vaish (Haptik), and Dhyanesh Shah & Revant Bhate (Mosaic Wellness) also took part in the investment round.
The money will be used by GrayQuest to expand distribution within the educational environment and improve its product offerings.
In order to help educational institutions digitise and improve their tuition collection, Rishab Mehta founded GQ, which provides a single payment platform. With the help of GQ’s platform, schools may provide parents with a variety of payment alternatives that are specifically suited to their needs, such as a simple monthly payment option that eliminates any additional expenditures for paying the yearly tuition.
