Edtech startup Winuall raises Rs 14.7 crore to digitize coaching institutes

Education technology startup Winuall has raised Rs 14.7 crore from Prime Venture Partners, Beenext, LivSpace founder Ramakant Sharma among other angel investors.

The startup will use the fresh capital to enhance product capabilities and hire across technology, product, AI, and business development teams, it said in a statement.

Going forward, the startup plans to add more than 20,000 coaching institutes and serve more than three million students across India by the end of 2021, the release stated.

The investment comes amid the Covid-19 pandemic that has caused a massive surge in signups on edtech platforms. The shift to online learning has also come at the expense of offline coaching centres as studying from home became the norm.

“We believe digital tools will become an integral part of the learning experience and evolve our education system in a massive way going forward,” said Ashwini Purohit, CEO, Winuall.

Founded by Ashwini Purohit and Saurabh Vyas in 2019, Winuall provides technology infrastructure to offline coaching institutes and tutors on a subscription model and digitize the whole learning experience for students with online study material, assessments and live classes.

The startup has on-boarded more than 3,700 coaching institutes across the country. Over 5,000 tutors are already using the platform to teach online, conduct quizzes, solve doubts, and sell their courses. Since the lockdown, the company has seen a massive increase in live class hours and over 50 million minutes of learning has been delivered on its platform.

“The tutoring market is at an inflection point, and there are a lot of tutors who want to manage their own student interactions and develop an independent identity. Winuall is facilitating this by helping tutors and coaching institutes to go digital,” said Shripati Acharya, managing partner, Prime Venture Partners.

According to a report by Technavio, , online tutoring market size in India has the potential to grow by $132.21 billion during 2020-2024 and about 2.5 million local tutors need to be upgraded technically, the release added.

Edtech startup Winuall raises Rs 14.7 crore to digitize coaching institutes Edtech startup Winuall raises Rs 14.7 crore to digitize coaching institutes Reviewed by TechCO on 10/07/2020 Rating: 5

No comments:

ads 728x90 B
Powered by Blogger.