New Delhi [India], Apr. 17 (ANI): EdTech startup IndigoLearn announced that it has raised USD 150,000 funding in its seed round.
With the new inflow of funds, the company is looking to expand its student base ten fold in the next 12 months, along with new product launches scheduled in the coming months.
With byte-sized modules and rich visual-content based learning pedagogy, IndigoLearn has launched courses for students pursuing CA, CS and CMA in the last 12 months. In next 12-15 months IndigoLearn is planning to launch learning modules for other global professional courses and students of classes XI and XII.
"We have received excellent response from the student community to the new-age way of learning. Noticeably, a large number of students are from non-metro locations. Our pass percentages are 50 percent higher than the average and we have tens of rank holders amongst our students, including all India first rankers. Students want us to launch modules for additional subjects quickly; funds raised in this round would be used for content and product development," said Sriram Somayajula, CEO of IndigoLearn.
In the last few months, the company has tied up with educational institutions and on boarded several faculty. It has also helped over 5000 students across the country to prepare for their CA examinations, in the last 12 months. (ANI)