Yet-to-launch ed-tech platform Kriger Campus raises seed funding
New Delhi-based ed-tech startup Kriger Campus, which aims to create a single platform for all stakeholders in the educational ecosystem, has raised Rs 30 lakh ($46,140) of seed capital from an undisclosed city-based angel investor.
The funds will be used to expand its team and develop its website and mobile app. It is planning to launch its services next month, the company said in a statement.
Kriger, founded by IIM Indore alumnus Suraj Satyarthi, IIT Mandi graduate Chandan Satyarthi and Neeraj Kumar Verma, who passed out from Sikkim Manipal University, aims to help students take critical academic decisions.
Students, teachers, schools, colleges and other educational institutions can register on the platform to grow their network, get updates about the latest exams, and buy or sell educational content. The platform will also offer career counselling and other education services.
According to Verma, the Kriger team organised a series of seminars in schools and colleges, and interacted with thousands of students to realise that most of them could not connect or get information about the right resources and verified information, and were often misled.
“Kriger wants to be the single platform for any kind of information relating to the education system in India. Our aim is to provide the required educational resources to the Indian population by connecting with all stakeholders of the system together.”
The startup will offer free services to students and institutes, and plans to introduce a number of paid services, including career counselling in a few months. It will also open its marketplace, wherein users can buy and sell educational content and material.
India’s online education industry is expected to grow almost eight times to $1.96 billion by 2021, with the number of paid users rising six-fold to 9.6 million, according to a joint report by search giant Google and consultancy firm KPMG.
Ed-tech startups have also been involved in a string of fundraising efforts in recent months.
In January, Bengaluru-headquartered CollPoll, which runs a communication and collaboration platform for educational institutes, had raised an undisclosed amount in a pre-Series A round.
Education-focused publishing house S Chand & Company Ltd had announced that it will invest an additional amount of Rs 35 lakhs ($53,891) in ed-tech startup Smartivity Labs.
TechCircle had also reported that online tutoring startup Vedantu Innovations Pvt. Ltd is raising up to $10 million in a fresh round of funding, while Hyderabad-based ed-tech startup IndigoLearn had raised $150,000 from a group of angel investors.
In March, Buddy4Study had raised $3 million in Series A funding from existing investor CBA Capital, which is backed by the Michael and Susan Dell Foundation.
In February, Toppr, Littlemore, CollegeDekho and Shirsa Labs Pvt had raised VC money, while ed-tech deals made in January this year include iNurture, AEON Learning Pvt. Ltd, CollPoll, and Rubix108 Technologies.