The investment comes amid the Covid-19 pandemic, which has caused a massive surge of sign-ups on edtech platforms.
Education technology startup Winuall raised Rs 14.7 crore ($2 million) in funding from Prime Venture Partners, Beenext and LivSpace founder Ramakant Sharma, among other angel investors.
The business offers technology infrastructure to offline coaching institutions leveraging a subscription model to bring them online, allowing them to offer study materials, conduct assessments and live courses.
The investment comes amid the Covid-19 pandemic, which has caused a massive surge of sign-ups on edtech platforms. The move to online learning has also come at the detriment of offline coaching centres as home learning has become the norm.
The startup aims to register 20,000 such institutions on its platform to hit three million students by the end of 2021. Our aim is to enable tutors in India to go digital and improve the quality of learning for students. We want to empower the tutors and coaching institutes to remain independent by building and retaining their own brand name through our platform,” said Ashwini Purohit, CEO at Winuall.
Although individual tutors and small institutes jumped into the online learning bandwagon using freely available video resources to run classes, and WhatsApp and other such applications to exchange materials with students, there is an increasing need for business-to-business edtech players to serve this industry.
“The market for tutoring is at a major inflexion point, and there are a number of tutors who want to manage their own student interactions and develop an independent identity. Winuall is facilitating this by helping tutors and coaching institutions go digital, “said Shripati Acharya, Managing Partner of Prime Venture Partners.
Winuall aims to use the funding to build the product and also to hire technology, product, AI and business growth functions. It reports that it already has more than 5,000 tutors on its platform, which has seen a massive increase in the adoption of live online classes due to the lockdown.