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JM+P, Universal, Indus do $1.2m pre-Series A in GrayQuest fintech player

“Education-focused fintech company, GrayQuest has secured $1.2 million in pre-Series A funding led by Foundation Holdings. Mahansaria Family Office, Jeejeebhoy Family Office, Ashok Wadhwa’s Family Office, Samir Bhatia, and Rohit Dhoot amongst others also participated,” reported Entrackr.

GrayQuest, an education-focused fintech company, has raised $1.2 million in pre-series A funding round led by Foundation Holdings, a strategic global investment firm to increase access to affordable education in India. — Moneycontrol

Jerome Merchant + Partners advised Grayquest Education Finance Private Limited led by a team of partner Sameer Sibal along with associates Rishabh Amber Gupta, Nirav Bakshi and paralegal Gayathri Kamath.

Universal Legal advised Foundation Holdings and others led by a team of partner Rashi Kapoor Mehta and senior associate Neelkamal Chaudhary.

IndusLaw was also advising on the deal.


Deal value: INR 7 crores

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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