Bengaluru-based edtech startup Winuall said on Wednesday that it has raised USD 2 million in funding from Prime Venture Partners, Beenext, and Ramakant Sharma, the founder of LivSpace, among other angel investors. The startup said it will use the capital to enhance product capabilities and increase its team strength across technology, product, and business development.
Founded in 2019, Winuall digitizes offline classes of private tutors and tuition institutes. Teachers can use the platform to schedule classes, manage different batches of students, take attendance, manage live classes, among other such operations. Apart from managing their day-to-day activities, the tutors also get an opportunity to sell their courses across the globe and collaborate with other tutors, the company said.
Winuall claims that over 5,000 tutors are already using the platform. The fresh funding will also be used to add more than 20,000 tuition institutes and serve more than three million students across Indian cities by the end of 2021.
“We believe digital tools will become an integral part of the learning experience and evolve our education system in a massive way going forward. We want to empower the tutors and coaching institutes to remain independent by building and retaining their own brand name through our platform,” said founder Ashwini Purohit.
This year has been phenomenal for edtech startups in terms of raising capital as well as adding new users. Venture capital firms have not only invested in bigger startups such as Byju’s, Unacademy, and Vedantu, they have also come forward to back lesser known names such as ClassPlus, Lido Learning, Toddle, Testbook, among many others. Funding in India’s edtech space quadrupled to USD 1.5 billion in the first nine months of 2020 as compared to USD 409 million raised in 2019 according to Venture Intelligence.
