India-based educational loans provider GyanDhan has received an undisclosed amount of funding from financial services provider Sundaram Finance, the Economic Times has reported.
Founded in 2015, GyanDhan runs an online marketplace where students looking to study overseas can access loans. It has so far served some 250 students who have jointly borrowed more than $9m.
The startup had previously raised an undisclosed amount in a seed found featuring Stanford Angels and Entrepreneurs and Harvard Angels, having already secured angel funding from Satyen Kothari, founder of online payment platform Citrus Pay.
TT Srinivasaraghavan, managing director of Sundaram Finance, told ET it is seeking out investments in startups combining digital technology with financial services in a bid to creat synergies with its existing business.