VLurn.com, an integrated online education platform, has raised an undisclosed amount of seed funding from Vidyadhar Sarfare, MD & CEO of Accord Group, to hire talent to boost technical team and for development of its mobile app , creating studio infrastructure and marketing and promotion of the courses.
Vlurn.com is a platform based out of Pune for educational online courses which currently provides around 50 different online courses in six verticals. It boasts of 2000 registered users who have undertaken more than 5000 hours of training in various courses. Courses are offered across a variety of learning categories such as Finance, Information Technology, Arts & Music, Languages, Math & Science, Entrance Exams, and Free Courses.
Speaking on the funding received, Mithil Pawar, co-founder of the learning portal said-
Vlurn wants to become a go-to place, for anyone who wants to learn from the best trainers in India. It is not a marketplace for buying and selling of courses but it is an integrated platform where learners search and choose courses based on their requirements and then undertake them in a collaborative manner with fellow learners.
Having worked for companies like Morgan Stanley, Edelweiss, IDFC, Citi, in the past, the founders of Vlurn quit their jobs to start a financial skills training company, Academy of Financial Training, in 2010. During this course of time, they realized that there is huge demand for online video based training programs evident by repeated requests to create such programs, from their clients. Hence, the platform was conceived to meet this demand.
India’s online education market size is predicted to grow to $40 billion by 2017 from the present $20 billion. More than half of the country’s 1 billion population falls in the target market for education and related services and has the highest growth rate in the world in self-paced e-learning.
India is also expecting a boost from the governments budget of Rs 1.13 trillion set aside for the Digital India initiative, says a recent report by the UK-India Business Council. The country has more than 1.4 million schools with over 227 million students enrolled and more than 36,000 higher education institutes and has one of the largest higher education systems in the world.