GrayQuest - About the company
GrayQuest is a series B company based in Mumbai (India), founded in 2017 by Rishab Mehta. It operates as a Provider of educational financing services through integrated fee collection platform for educational institutions. GrayQuest has raised $19.5M in funding from investors like Pravega Ventures, Sky Impact Capital and Dholakia Ventures, with a current valuation of $*****. The company has 144 active competitors, including 20 funded and 9 that have exited. Its top competitors include companies like Vanco Payment Solutions, LEO 1 and zenda.
Company Details
Provider of educational financing services through integrated fee collection platform for educational institutions. It is a SaaS-based integrated fee collection platform for educational institutions. Their platform enables seamless online payments, real-time tracking, and easy reconciliation, reducing administrative burden for schools and colleges. Additionally, it offers value-added services such as flexible EMI options and insurance coverage, enhancing convenience and financial accessibility for students and parents.
- Website
- grayquest.com
- Social
- Email ID
- *****@grayquest.com
- Phone Number
- +91 **********
- Registered Address
- Famous Cine Building, 20, Sr. E. Moses Road, Mahalaxmi, Jacob Circle, Mumbai, Mumbai, Maharashtra, India, 400011
Key Metrics
Founded Year
2017
Location
Mumbai, India
Stage
Series B
Total Funding
$19.5M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Feb 21, 2025
Investors
Ranked
3rd among 144 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2025
Employee Count
253 as on Aug 31, 2025
Similar Companies
Legal entities associated with GrayQuest
GrayQuest is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
GRAYQUEST EDUCATION FINANCE PRIVATE LIMITED CIN: U66190MH2017PTC293038 , India, Active | Mar 27, 2017 | $1M - $10M (As on Mar 31, 2025) | 258 (As on Feb 01, 2026) |
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GrayQuest's funding and investors
GrayQuest has raised a total funding of $19.5M over 5 rounds. Its first funding round was on Mar 19, 2020. Its latest funding round was a Series B round on Jun 15, 2024 for $*****. 3 investors participated in its latest round. GrayQuest has 42 institutional investors and 65 angel investors.
Here is the list of recent funding rounds of GrayQuest:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 15, 2024 | 7422099 | Series B | 8861266 | 3144980 | 4133600 | 3096472 |
Jan 11, 2024 | 9937032 | Series A | 6014584 | 8007720 | 7701618 | 2829576 |
Dec 06, 2022 | 8903516 | Series A | 9916585 | 3200892 |
Access funding benchmarks and valuations. Sign up today!View details of GrayQuest's funding rounds and investors
GrayQuest's founders and board of directors
Founder? Claim ProfileThe founders of GrayQuest is Rishab Mehta. Rishab Mehta is the CEO of GrayQuest.
Here are the details of GrayQuest's key team members:
- Rishab Mehta: Co-Founder & CEO of GrayQuest. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
GrayQuest's Board of Directors
GrayQuest's board has 3 active members. Rahul Mehta, Rishab Mehta and Aakash Rakesh Sachdev are part of team.Here is the list of GrayQuest's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
jnrzvc{ | Team | - | Past | 6y 5m |
tzdausz | Team | - | Past | 4y 9m |
Investor | Foundation Holdings | Current | 5y 10m |
View details of GrayQuest's Founder profiles and Board Members
GrayQuest's employee count trend
GrayQuest has 253 employees as of Aug 25. The total employee count is 12.0% lower than what it was in Aug 24. Here is GrayQuest's employee count trend over the years:
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GrayQuest's Competitors and alternates
Top competitors of GrayQuest include Vanco Payment Solutions, LEO 1 and zenda. Here is the list of Top 10 competitors of GrayQuest, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Vanco Payment Solutions 2007, Atlanta (United States), Acquired | Provider of payment processing and financial management software for organizations | $87M | 60/100 | |
2nd | Provider of alumni network platform with banking, rewards, and connection features | $35.1M | 58/100 | ||
3rd | Provider of educational financing services through integrated fee collection platform for educational institutions | $19.5M | 57/100 | ||
4th | zenda 2021, Dubai (United Arab Emirates), Seed | Provider of app-based pay-now and pay-later solutions for students | $9.4M | 57/100 | |
5th |  Firstcard 2020, Menlo Park (United States), Seed | Student debit card for banking transactions | $7.7M | 54/100 | |
6th | Simplifying school fee payments for institutions and parents | - | - | 53/100 | |
7th | ParentPay 2002, Coventry (United Kingdom), Late Stage | Online payment management system for schools | - | 49/100 | |
8th | Online platform providing billing assistance solutions for schools and parents | $29M | 49/100 | ||
9th | Fee payment collection platform for educational institutions | - | - | 49/100 | |
10th | Provider of an automated fee management platform for educational institutions | $19M | 48/100 |
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GrayQuest's Latest cap tables and shareholding
Founders own 36.24%, Funds (largest shareholder) own 38.75%, Enterprises own 9.51% and Angels own 7.37%. The net worth of GrayQuest's founders is INR 205Cr as of Feb 21, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 36.24% | 205Cr | 6558968 | 7544018 | 1417248 | 8748439 |
1791844 | 4184164 | 2783915 | 9024901 | 5078877 | 9143725 | |
Fund | 38.75% | 219Cr | 5957448 | 2341085 | 5656172 | 5357945 |
3135943 | 1850153 | 9642981 | 8191554 | 8806883 | 5185934 | |
1477629 | 8804710 | 9850992 | 6298779 | 4940444 | 5830289 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 9.51% | 53.8Cr | 1173748 | 3001600 | 1763164 | 1845026 |
Angel | 7.37% | 41.7Cr | 9997338 | 6171793 | 9750987 | 9996599 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 1.15% | 6.49Cr | 2 | 4 | 7 | 2 |
ESOP Pool | 6.98% | 39.5Cr | 170451 | 620514 | 627948 | 272048 |
Total | 100.00% | 566Cr | 2301177 | 7673899 | 2858552 | 2895206 |
To unlock detailed Cap Table of GrayQuest Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of GrayQuest's Shareholding
GrayQuest's Investments and acquisitions
GrayQuest has made no investments or acquisitions yet.
News related to GrayQuest
Filter this listMedia has covered GrayQuest for 1 event in last 1 year, It was about people movement.
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GrayQuest secures Rs 80 crore in series B funding to expand digital fee solutionsMoneycontrol•Feb 14, 2025•GrayQuest, IIFL Securities, Clay Capital, Pravega Ventures and 1 other
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India’s GrayQuest raises $9.3m in its Series B equity funding roundIBS Intelligence•Jan 13, 2025•GrayQuest, IIFL Finance, Pravega Ventures
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How GrayQuest’s family office backers are sitting on an upside as it closes Series B roundVCCircle•Jan 09, 2025•GrayQuest, India Infoline, Manipal Group, Pravega Ventures and 3 others
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Pravega and IIFL invest in GrayQuest’s Series BEntrackr•Sep 20, 2024•GrayQuest, Pravega Ventures, India Infoline
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GrayQuest announces its Series A Equity Funding Round of Rs 56 CroreCXOtoday•Mar 14, 2023•GrayQuest, Weizmann
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Fintech Company GrayQuest, IoT-Based Probus, Others Raise Early FundsVCCircle•Mar 09, 2023•GrayQuest, Pravega Ventures, Weizmann, Weizmann Group and 2 others
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Eduvanz raises over Rs 100 Cr led by Rethink EducationEntrackr•Dec 26, 2022•Eduvanz, Rethink Capital Partners, Sequoia Capital, Juvo Ventures and 7 others
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