GrayQuest Raises ₹80 Crore to Digitize Fee Payments for Schools

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GrayQuest, a Mumbai-based edtech startup, has successfully raised ₹80 crore in its Series B funding round. The investment was led by leading venture capital firms, with support from existing investors. The funds will be used to expand GrayQuest’s digital fee payment platform, enhance technology, and onboard more educational institutions across India.

Simplifying Education Payments

Founded in 2017, GrayQuest aims to make fee payments easier and more flexible for parents while helping schools streamline their collection processes. The platform offers monthly payment plans, enabling parents to break down annual school fees into manageable installments without extra cost.

By digitizing the fee collection process, GrayQuest ensures that schools and colleges can focus on education rather than administrative hurdles. With its secure and user-friendly platform, the company has become a go-to solution for educational institutions across the country.

Bridging the Gap in Education Financing

Education in India often involves significant financial planning for families. GrayQuest bridges this gap by providing zero-cost EMI options for parents, making quality education more accessible.

For schools, the platform improves cash flow management, reduces collection delays, and simplifies financial operations. This win-win solution has made GrayQuest a key player in the edtech ecosystem.

Expanding Reach and Impact

With this new funding, GrayQuest plans to:

  • Onboard more educational institutions: Currently partnered with over 5,000 schools and colleges, the startup aims to grow its network significantly.
  • Invest in technology: Enhance its platform with advanced features for better user experience and security.
  • Expand to new markets: Target Tier 2 and Tier 3 cities to reach underserved regions.
  • Support more payment options: Introduce innovative solutions to cater to diverse parent and school needs.

What Makes GrayQuest Stand Out

GrayQuest’s unique focus on education financing sets it apart from other fintech players. The platform’s seamless integration with school systems, combined with its focus on affordability for parents, addresses a critical need in the education sector.

Its strong partnerships with leading schools and universities further cement its position as a trusted brand. The startup’s transparent and flexible approach has garnered praise from both parents and educators.

Backing from Investors

The Series B funding round reflects investor confidence in GrayQuest’s potential to transform the education sector. The funds will help the company accelerate its mission of making education payments hassle-free for millions of families.

Pioneering the Future of Edtech

GrayQuest’s journey highlights the growing importance of digital solutions in education. By addressing a key financial challenge, the startup is empowering families and educational institutions to focus on what truly matters—learning.

With its innovative platform and ambitious plans, GrayQuest is poised to play a significant role in the digitization of India’s education ecosystem. The ₹80 crore funding is a major step forward in its mission to make quality education accessible and affordable for all.