Mumbai-based edtech startup Genius Teacher, which is founded by Housing.com’s cofounder Advitiya Sharma, has raised $2 Mn funding from Whiteboard Capital and VKG Venture LLP, along with 50 early-stage investors across India and the US.
These investors include WhatsApp India CEO Abhijit Bose, Cred CEO Kunal Shah, Freecharge cofounder Sandeep Tandon, Proptiger CEO Dhruv Agarwal, Mmone online CEO Justin Sway, Cvent cofounder Dan Lapus, Let’s Venture president Nimish Kampanu, Snapdeal’s former VP Gaurav Gupta, AWS India’s ex MD Bikram Bedi and Fynd cofounder Farooq Adam.
The company aims to use this funding to create products for teachers and onboard more than a million students on its platform in the next 12 months.”
Genius Teacher is an AI-based quiz-based edtech startup that was founded in 2016 by Sharma, Shashank Pachore, Gaurav Lahoti and Ruturaj Atre. The company focuses on the K12 segment and creates personalised interest-based engaging content to enhance the learning experience for students. It uses strong interests like food, movies, sports nature and more to make learning maths, science and English more enjoyable.
The company has created over 5K quizzes on its platforms and nearly 10K interest-based personalised videos. The company also claims to have onboarded more than 100 schools, 2,000 teachers, and 70,000 paid students with a record 100% renewal rate.
Genius Teacher, which is registered under the name Genius Learning Labs Pvt Ltd, supports over 10+ curriculums and provides real rewards like scholarships and internships with big companies like Whatsapp, Mahindra & Mahindra, Singapore University, IIT(M) and many more.
Commenting on the same, Sharma said, “Genius Teacher is all about transforming boring education to a learning adventure. We have a big vision to be the best quiz-based learning platform loved by millions of children in K-12. Our big innovation of Interest-based learning teaches children like never before.”
According to a RedSeer and Omidyar Network report, edtech users in the K12 and post K-12 segments have doubled from 45 Mn to 90 Mn. According to the report, online education offerings across Classes 1 to 12 are projected to increase 6.3x by 2022, to create a $ 1.7 Bn market.
Meanwhile, a Inc42 Plus report ‘The Future Of India’s $2 Bn Edtech Opportunity Report 2020’, there are around 4450 edtech startups in India, while K-12 and test prep quill have nearly 66% of the total online education market size by 2021. Further, the report estimates K-12’s market size to be around $773 Mn growing at a compound annual growth rate (CAGR) of 60%. Some prominent startups in this segment are Lido Learning, CueLearn and BYJU’S.