Startup Atlas · EdTech

GrayQuest

GrayQuest Education Finance Private Limited ● Mumbai, Maharashtra ● Founded 2017 ● grayquest.com ↗
Rishab Mehta · CEO & Founder
$17.5 MnTotal funding (tracked)
3Funding rounds
9 Jan 2025Last round
300Team size (sourced)

GrayQuest: Financial Breakdown

Figures below are FY2024, standalone basis, compiled from filings and disclosures — every year cited to its source.

₹17.93 croreTotal revenue · +110.8% YoY
₹36.8 crore lossNet loss · loss widened 44.1% YoY

Revenue by fiscal year

00.51.01.52.02.5$M₹8.76 crore (operating revenue): $1M1FY2023₹17.93 crore: $2.1M2.1FY2024

Net profit / loss by fiscal year

-5-4-3-2-10$M₹26.3 crore loss: $-3.1M-3.1FY2023₹36.8 crore loss: $-4.4M-4.4FY2024

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2024 ₹17.93 crore — — ₹36.8 crore loss source
FY2023 ₹8.76 crore (operating revenue) — — ₹26.3 crore loss source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: inc42.com · Last verified 5 Sep 2026. · Report a correction