Edu-tech startup Gyaanzone gets seed funding from GBIM Tech

GZG Eduservices Pvt Ltd, which operates career planning and education advisory startup Gyaanzone.com, has raised $45,000 (Rs 30 lakh) in seed funding from Mumbai-based digital marketing company GBIM Technologies Pvt Ltd.

In a telephonic interaction with Techcircle.in, Gyaanzone.com

founder Sultan Ansari said the funds raised will be used for marketing, new services and hiring across verticals.

"From selecting the most appropriate college to job procurement, making faculty decisions or helping people pick and choose from best potential options, Gyaanzone.com provides a range of services," Ansari said.

Founded in 2014, Gyaanzone.com claims to be a one-stop shop for queries related to school and college selection and job procurement. Students can ask career-related questions online. The Mumbai-based startup provides intelligence on Indian schools, colleges, universities, exams, courses and distance learning programmes.

Presently, its services are limited to students and colleges in and around Mumbai and Pune.

Going forward, Gyaanzone.com will introduce a mobile app. The company will also reach out to alumni networks in tier-II and tier-III colleges besides launching e-learning modules for students.

Prior to starting up Gyaanzone.com, Ansari was manager at meal coupon company Sodexo.

A bunch of edu-tech startups have raised funding in recent times. On Thursday, Jaipur-based EduCommerce Technologies Pvt Ltd, which runs mobile-based education startup Myly, said it has raised $100,000 (about Rs 67 lakh) in seed funding from Newbie Promoter Pvt Ltd.

Last month, Bangalore- and US-based edu-tech startup Springboard (formerly known as SlideRule) raised $1.7 million (Rs 11.3 crore) in a seed funding round from a clutch of investors. In November, Evobi Automations Pvt Ltd raised $530,000 in angel investment. Kids learning solution startup Smartivity received $200,000 from education services group S Chand recently. In August last year, EazyCoach raised an undisclosed amount in angel funding while US-based Coursera Inc secured $49.5 million in the first closing of Series C funding from New Enterprise Associates (NEA) and Times Internet.