Schoolguru, a technology-led specialized academic services organization, has raised about R20 Cr in Series A round led by high net-worth investors (HNIs) from India and the US.
The proceeds will be use towards enhancing its technological offerings and increase its digital content library.
Founded in 2012 by Shantanu Rooj, Ravi Rangan and Anil Bhat Schoolguru (operated by Schoolguru Eduserve Pvt Ltd) help universities offer e-learning services to students. It offers a technology platform to universities that has features such an integrated ERP solution, a smart learning management system, a content library and a mobile learning platform.
Currently the company claims to cover 170 graduation and post-graduation programs and services around 150,000 students in nine major regional languages. It plans to offer services of our platform not only to the ODL (open and distance learning) students but also to the students enrolling for traditional classroom education in several remote areas of the country.
Its services are being employed by 12 universities in the country including University of Burdwan, Uttarakhand Open University and Dr B R Ambedkar Open University and is now targeting to partner with 25-30 Indian universities across all major states and to expand its services internationally.
Recently, India Educational Investment Fund (IEIF) had invested an undisclosed amount in two Indian Edu Tech Startups namely Report Bee Edusys Pvt Ltd, which helps to measure and improve learning through analytics and Guru-G Learning Labs (India) Pvt. Ltd, which supports teachers through a gamified platform on an app.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.