Joining the list of ed-tech startups receiving investments since the beginning of this year, EduRev, which is an online educational network, has received strategic investment from Pradeep Reddy Kamasani.
The funding raised will be used by the company to focus and expand its operations across southern parts of India. Till now, the company was more focused towards northern side of India. This newly raised funds will also be utilized for the introduction of a new model that will help colleges in admitting new students.
According to Pradeep Reddy Kamasani, EduRev has more potential in the southern region of the nation as it is more conducive to adoption of education technology platform.
Pradeep is also a part of Hyderabad Angels group. He has been involved in the technology industry for more than 20 years. Before shifting his base to Bangalore, he ran a technology firm in the USA.
The company was founded by Kunaal Satija with the intention of providing free and inexpensive education to those who we know can make a difference. EduRev is an educational network that connects students and teachers with various courses and learning material. It was initially funded by Jaarvis Accelerator.
While the company started with operations in Chandigarh, it is currently operating in Pune, Haryana and New Delhi. It is currently working with around 24 clients and has earned revenues of Rs 14 Lakh.
As per the company, more than 40,000 students have already joined the platform. It also claims that the platform contains over 100 courses and more than 70,000 documents, videos and tests. EduRev also sells efficiency and management platforms to teachers and institutions to digitize their classrooms.
Other ed-tech startups which have recently raised funding include iDreamCareers.com which raised pre-Series A round from Brand Capital; Oliveboard, FlipClass, Oust Labs, Myly, Schoolguru, Career Power, among others. EduRev’s model will compete with the likes of Shiksha and Career360.
