India, Feb. 9 -- Education-focussed non-banking financial company (NBFC) Eduvanz has raised INR 25.52 Cr ($2.9 Mn) in a bridge funding round co-led by existing investors Juvo Ventures and Capria Fund.

The round also saw participation from Peak XV Partners and Unitus Ventures. As per the company's regulatory filings, Eduvanz's board, during an extraordinary general meeting on February 1, passed a special resolution to issue 26,405 compulsorily convertible preference shares (CCPS) at an issue price of INR 9,667 each, translating into a total of INR 25.52 Cr (INR 25,52,57,135 to be precise).

While Capria Fund pumped INR 8.66 Cr into the NBFC via two funds, Juvo Ventures infused INR 8.57 Cr as part of the round. Meanwhile Peak XV Partners a...