Grayquest Education Finance Private Limited announced that it has received its first tranche for INR 309.5 million in an equity round of funding led by Pravega Ventures Partners LLP bringing INR 100 million on December 13, 2022. The transaction included participation from Vic Enterprises Private Limited for INR 30 million, Stallion Ventures, LLC for INR 20 million, Nine Advisors Pvt Ltd for INR 20 million, Crest Opportunities Pvt Ltd for INR 20 million, Kotta Enterprises Limited for INR 20 million and individual investors Keshav Mishra for INR 20 million, Dharmendra Siraj for INR 20 million, Apurva Parekh, Saswad Finance Pvt Ltd, Kabita Kharbanda, Siddharth Patodia and others. The company raised money at a post money valuation of INR 2000 million.