Jodo Raises $15 Million In Series A Funding The fund will be utilized to accelerate product innovation and sales, and further grow the Jodo team

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Jodo, a fintech in the educational payments space, has raised $15 million in Series A funding round led by Tiger Global. The round also saw participation from existing investors, Elevation Capital and Matrix Partners India, from whom Jodo has previously raised $ million. The fund will be utilized to accelerate product innovation and sales, and further grow the Jodo team.

"At Jodo, we have built industry-first payment and lending products grounds-up keeping the requirements of parents, students and educational institutes in focus. With this capital, we will double down on the momentum and continue to bring innovative financial products to market. We are thrilled to have Tiger Global join us in the journey, and thank Matrix Partners India and Elevation Capital for their continued support," said the founders of Jodo in a joint statement.

Jodo's products currently power fee collection for more than 700 educational institutes and have facilitated fee payments for over 1 lakh students. The company is currently focused on catering to the private education sector, a high-value of over $100 billion annual spend category without the right financial products. Jodo is poised to be a leader in the educational payments space having grown 10 times year-on-year since its founding with its products being adopted at a rapid pace, claimed by the company in a statement.

"Jodo is modernizing payments and credit for India's education market by increasing convenience and affordability for parents and providing a better workflow for schools and institutions. We are very impressed with Jodo's progress and are excited to partner with them as they expand the product suite and become available at more schools," said Alex Cook, partner, Tiger Global.

Jodo is a mission-oriented high-growth fintech startup building payment and lending products to simplify education payments. Jodo's suite of products makes education payments convenient and affordable for parents while simplifying and streamlining fee collections for educational institutes.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Growing a Business

The 10 Best Podcasts Every Entrepreneur Should Listen to for Growth, Strategy and Success

Unlock your potential with the 10 must-listen podcasts for entrepreneurs, offering expert insights on growth, strategy and success.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Nikhil Kamath's WTFund Backs 22 Young Entrepreneurs with Grants & Mentorship

WTFund's second cohort, spanning 50+ cities, showcases startups across Tech, D2C, Edtech, Fintech, and more. Tier I drives AI/ML B2B solutions, while Tier II/III focus on vernacular-first B2C innovations.

News and Trends

LaunchDarkly Acquires Houseware to Enhance Feature Management with Warehouse-Native Analytics

With this acquisition, LaunchDarkly aims to transform data warehouses into powerful engines of actionable insights.

Growth Strategies

JLR To Ramp Up Production Of Made In India Range Rover & Range Rover Sport; To Focus On SV Variants: Rajan Amba

We are focusing on tailor made limited edition cars, specifically for the Indian market, catering to the high net worth individuals (HNIs), says Rajan Amba, MD, JLR India