Edtech Startup Digital Gurukul Rolls Out Blockchain-Powered Diplomas

Edtech Startup Digital Gurukul Rolls Out Blockchain-Powered Diplomas

SUMMARY

The startup has partnered with Germany-based Certif-ID

Receivers would not need additional devices to view the diploma

The company was in talks to raise $5 Mn for 10% stake

Indore-based Edtech startup, Digital Gurukul, has partnered with German tech networking company Certif-ID to roll out blockchain-powered certificates, which will allow employers to access the diplomas of applicants from any geographical locations.

By integrating blockchain with certificates and diplomas, Digital Gurukul is eliminating the need to send or physically present degrees. The people receiving these diplomas would not require any additional software or special equipment. The parties can simply view the diploma by scanning the QR code which is printed on the certificate.

All the students graduating from Digital Gurukul will not be provided with the blockchain-powered diploma to make the job and college hunting much simpler and seamless. The diploma will include information like educational qualifications, portfolio, projects and attendance.

Dr. Raj Padhiyar, director of Digital Gurukul, said the adoption of Blockchain Technology is still in its infancy in the education industry. “But we believe it can help make the Indian education system more dependable and trustworthy,” he added.

Founded in 2014 by Padhiyar, Digital Gurukul has been awarded the “Asia’s Best Digital Marketing Institute”​. The company educates students regarding digital marketing and its various aspects. Digital Gurukul aims to have trained over 6K students by March 2020, which also includes some prominent names like Wittyfeed cofounder Parveen Singhal and Renaissance Indira Group of Institute’s founder chairman Swapnil Kothari.

In August 2019, Digital Gurukul announced that it was in talks with some investors to raise $5 Mn for a 10% stake. The company planned to use the funding to expand its operations to over 40 offline learning centres, invest in content and programmes and aid its international expansion.

The company’s official statement also added that it is planning to venture into the Middle East and Southeast Asian markets. The company, in its previous press release, also claimed that it has received over 120 franchisee requests across Asia. Digital Gurukul also has associations with reputed Indian institutes like IIM Indore, IIT Indore, NMIMS and Welingkar Institute, among others.

According to DataLabs by Inc42, Indian edtech startups received a funding of approximately $700 Mn in 2018, noting an 85% hike from the $375 Mn funding raised in 2017. Interestingly, of the $375 Mn raised, BYJU’s had raised $230 Mn in 2017.

The report also notes that only 7% of the 3,500 startups operating in the edtech space are funded, as of 2018. The Datalabs by Inc42 also highlights that 182 edtech startups generated funding of $1.34 Bn between 2014 to 2018. Of these, only 52 startups, making up for 28.5%, received more than $1 Mn in funding which amounts to $1.3 Bn. Meaning that the 52 startups comprised  99% of the total funding in the period.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Edtech Startup Digital Gurukul Rolls Out Blockchain-Powered Diplomas-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Edtech Startup Digital Gurukul Rolls Out Blockchain-Powered Diplomas-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Edtech Startup Digital Gurukul Rolls Out Blockchain-Powered Diplomas-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Edtech Startup Digital Gurukul Rolls Out Blockchain-Powered Diplomas-Inc42 Media
Edtech Startup Digital Gurukul Rolls Out Blockchain-Powered Diplomas-Inc42 Media
You’re in Good company