Qriyo (working as Qriyo Infolabs), which is an Udacity-like online provider of courses on fitness and various other academic domains, has landed a $160K worth seed round from UAE based early stage venture capital firm, Idein Ventures.
Founded last year by four IIT-B alumni, Qriyo offers a whole range of courses at home from wide domains including academics, extracurricular and fitness with philosophy of ‘an hour for better you’. These semi customizable courses ensure quick, focused learnings with qualified, trained instructors and powerful curriculum.
Qriyo’s upcoming Android and iOS App provides options for customization of courses, instructor replacement, group discovery, and progress meter.
Talking about his startup’s use-case, co-founder Mudit Jain says,
A year ago I was searching for a yoga instructor at home and even after endless search through aggregators and marketplaces, I could not find a suitable match. Only persons with very high motivation will go through endless jumble of phone numbers, demos and cancelled sessions to find a suitable instructor. The current market is lacking reliable provider for home based learnings; with Qriyo we wish to solve the same. We wish to make home learning convenient, reliable and affordable.
Qriyo’s vision is to create a “new breed of offline freelancers”, by providing employment opportunities to skilled individuals in their respective domains, encouraging skill development on a large scale. Any individual mastering a skill and teaching experience can onboard Qriyo’s platform to get into instruction field with no time bounds.
Currently, the company has a 7 member team and wish to use the raised funds for further developing technology, marketing and expansion.
Idein Ventures, which has entered India’s thriving startup ecosystem with this maiden investment, is headed by Mumbai based serial entrepreneur Ashwin Srivastava, UAE based global investor Rajeshwar Prasad, and US based private equity expert and solution architect Mahesh Vellaboyina. Prasad is a Cabinet Minister in the African country of Guinea Bissau and heads the investment portfolio of royal family of UAE. Srivastava has joined Qriyo’s board of Directors as part of the investment deal.