Source: Economic Times
Credenc, the digital education loans platform for higher education in India, has raised Rs 17.8 crore ($2.5 million) in seed funding, led by Omidyar Network India. Other investors who participated in the round include EMVC , Better Capital and IIMK Alumni Fund.
The company plans to use the funds to expand operations to a 1000 colleges across 50 cities over the next two years.
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