Today is an important day for Eduncle, a Kota-based EdTech Startup. We started with the mission to provide a Holistic Learning Platform for Higher Education, and today we have reached a significant milestone towards achieving that goal. We are delighted to unveil that we are raising USD 500K (INR 3.7 Crores) out of USD 750K (INR 5.5 Crores) in Pre-Series A Round led by ah! Ventures, joined by KareKeBa Ventures and Other Angel Platforms. We further plan to raise an additional USD 250K (INR 1.8 Crores) in the current round, with more venture partners' joining soon.
Earlier, we raised our seed funding of USD 150K (INR 1.1 Crores) from Angel Investors – Mr. Supreet Vijay and Mr. Ankit Vijay in March 2019. Now with this great early investment, we are taking a leap towards touching new heights as an Ed-Tech Start-up by bringing the new era of digital learning to India. We believe this is just the beginning, and there's a lot more to come.
"The funding round will help us achieve our expansion objectives. We will use the funds to develop new products for additional exams, start live classes, and significantly improve our technology. We plan to further enhance Eduncle's doubt solving capabilities with Artificial intelligence and machine learning.", said Arpit Pareek, Co-Founder & COO at Eduncle.
We have already witnessed more than 7.3 Crores visitors with 33 Lac+ registered learners. As we face a significant increase in our student base, paid subscribers, successful students, and revenues, we understand the burning need for quality education in India.
After achieving more than INR 27 Crores revenues and 45,000+ paid subscribers since inception, we have 200+ students in the top 100 AIRs – higher than any other institute. With 4000+ selections in various examinations and a selection ratio of 13%, which is more than double the Selection Ratio compared to the overall exam results. We are Continuously bridging the gap between Quality Education and Needy Students.
In 2016, Dr. Amit Pareek, Founder & CEO, Eduncle, started this family with a small team of 5 people to empower students with the power of knowledge. To build their concepts so that they can lead in their exams, career, and lives. And going ahead on this journey for providing barrier-free education, Eduncle is now an ever-growing organization with close to 150 employees, 65 top faculties, and more than 500 tutors working 24*7 to accomplish this mission.
Every person at Eduncle family worked together diligently and tirelessly in order to achieve this milestone, they have all pushed their limits to grow Eduncle Leaps and Bounds. We couldn’t be more thankful to all our Charismatic Leaders and want to show our gratitude towards Chandraprakash Kalwar, Rahul Jain, Shweta Gupta, Anurag Shreshthi, Anirudh Sharma, Chetan Jain, and the whole Eduncle Family for their continuous hard work and support.
As Harshit Goyal, Co-Founder & Head of Products, Eduncle, said, "The Holistic learning Platform of Eduncle is one of a kind in the league of Ed-Tech Apps. It's not just unique but highly scalable as well. Our learning platform provides end-to-end test preparation for higher education with benefits such as - Live Classes, Video Lectures, Printed material, E-Learning, Automated Doubt Solutions, and Test Series combined with personalized 1on1 Mentorship sessions."
Here at Eduncle, we understand & acknowledge the difficulties faced by aspirants of Higher Education in India. And hence we are proud to provide as much assistance as possible. We try our level best to give students what they need the most- guidance and personalised mentorship. It’s our constant and at most priority to make education exam oriented and stress-free for students.
We have been recognized by Higher Education Review as “Top 10 Promising Digital Learning Portals in India” and as “The 10 Booming EdTech Startups to Watch” by Insights Success in 2018. With More than 1,00,000+ Downloads of Eduncle Doubt Solving Mobile App we aim to improve learning experience with the help of AI to understand student learning patterns better and making Eduncle a one-step Solution to all the problems faced by any Higher Education Aspirant in India.
Join Eduncle on its path to start your #LifeKiTaiyari today.