Education finance platform EduFund raises $6 million from Cercano Management, MassMutual Ventures

The funds will be used for scaling artificial intelligence (AI)-driven advisory, expanding the range of loan products, and deepening presence in tier II and tier III markets.

“Education is a consumer staple in India, and parents already spend about 30 percent of their earnings on it. With costs rising at home and abroad, the middle-class Indian parent faces a major challenge,” said Eela Dubey, cofounder…