Student loans Startup Eduvanz is raising $3 Mn from Sequoia, Unitus


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Mumbai-based student loans startups Eduvanz Financing is raising INR 23 Cr ($3 Mn) in Series A funding round led by Sequoia’s SCI Investment VI fund. Redwood Trust, Vistra ITCL on behalf of Unitus Seed Fund India II and QED Innovation Labs will also be participating in this round. The company has already received INR 4 Lakh ($5K) from Redwood Trust in exchange for 136 Series A compulsorily convertible cumulative preference shares (CCCPS).