Founded in 2017 by Rishab Mehta, GrayQuest offers a suite of products spanning SaaS, payments and BNPL use cases for educational institutions. Its core product is a unified payments platform that digitizes and boosts fee collection, enabling institutes to offer multiple payment options without extra costs. The company says it serves 5,000 schools across India and handles up to 3 million students. GrayQuest plans to use newly raised funds to enhance its product offerings and scale distribution across the education system. The startup reports positive results for both parents and educational institutions around fee payments and aims to expand its market reach with the additional capital.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2023