Former InMobi Exec Raises Funding From Mohandas Pai To Build Gamified Platform For Competitive Exams

Former InMobi Exec Raises Funding From Mohandas Pai To Build Gamified Platform For Competitive Exams

Oust Labs, an edtech startup whose gamified platform helps students excel in competitive exams, has raised an undisclosed amount of seed funding from T.V. Mohandas Pai, Chairman of Manipal Global Education Services and Aarin Capital.

Oust was founded by Shrikant Latkar in Cupertino, California, with an aim to make learning fun and exciting in a mobile-first world. The company helps students excel in competitive exams in 2 minutes and 5 questions at a time.

According to a study by Forbes India, Indian consumers spend an average of 3 hours and 18 minutes on their smartphones every day. Oust is leveraging this growing amount of time spent on mobile devices to rollout a collaborative and competitive learning mobile-first solution – one that builds upon existing student behavior to deliver a natural fit.

The Need & The Solution

Today, students face a lot of pressure to perform in short period of time + have shorter attention spans. And every student wants to know where do they stand relative to others? How he/she can get better? Thus, the need of a platform which not only allows them to score better but also keep them engaged, clicked Shrikant to design Oust – ground-up by understanding student behavior in a mobile-first world.

The startup aims to make exam preparation fun for students by combining the fun and social aspects of mobile gaming with rigorous curriculum. One can add friends and join groups, which consists of students with the same goal. By infusing friendly competition with peers and other like-minded individuals who have similar aspirations, Oust helps students benchmark their performance.

Students can instantly track their performance on real time leaderboards and see where they stand.

The company had tested its first version of the product with high school students last year. Based on feedback, the team completely re-architected the product to address the user needs, so that students in smaller towns can seamlessly compete with students in larger metro cities and see where they stand.

“Several colleges, tuition centers and teachers are already using the product with their students and the feedback has been phenomenal. By making it easy for students to challenge peers in classes and other social contexts, we are able to engage students deeply in short bursts of time”, said Shrikant Latkar, Founder and CEO of Oust Labs. On monetisation front, the startup plans to keep the app for free and work with colleges for some sort of revenue engagements in future.

Oust

The Numbers

Oust has a total repository of 1.25 Lakh questions across Physics, Chemistry, Maths and Biology subjects, all curated by teachers and organised into modules, so that students can focus on their key areas of improvement.

For PUC I and II, Oust has more than 30,000+ free Multiple Choice Questions (including past question papers) for the Karnataka Common Entrance Examination. The product is also available for CBSE, AIPMT, COMEDK and Maharashtra CET exams. The startup has been doing extensive trials of its Oust App in smaller cities of Karnataka since August 2015.

According to Shrikant, users on average spend up to 12 minutes on the Android app which so far has over 7,500 downloads.

Currently, Oust has presence in California, Bangalore, Belagavi and Pune and is working with 6 member team.

“Oust is bringing about real innovation by studying the evolution of students’ learning behavior and building new value propositions that they can relate to. This includes the many forms of gamification and competitive challenges, cooperative knowledge discovery and sharing, and collaborative learning across local, state and national contexts. That is a very impressive vision, and I am glad to be a part of such an undertaking”, Mohandas Pai said.

Team Oust
Team Oust

The company counts several renowned Bay Area personalities as advisors, including Paulette Altmaier, EdTech Executive who previously was Head of Partnerships at Khan Academy, Gurmeet Lamba, a silicon valley veteran and VP of Engineering of Sentient Technologies (an AI company) and Venkatesh Venkataraman, entrepreneur and architect who has worked at several startups and large companies including Cisco Systems and Netflix.

Prior to launching Oust, Shrikant was CMO of InMobi, CRO at Fuel and Publisher of Apponomics.

Earlier this year, Gyaanzone.com, an online education gateway facilitating students with flexible learning opportunities through access to hundreds of Indian schools, colleges, universities, exams, courses and other distance learning programs raised an undisclosed amount in funding from GBIM Technologies.

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.

Former InMobi Exec Raises Funding From Mohandas Pai To Build Gamified Platform For Competitive Exams-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.

Former InMobi Exec Raises Funding From Mohandas Pai To Build Gamified Platform For Competitive Exams-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.

Former InMobi Exec Raises Funding From Mohandas Pai To Build Gamified Platform For Competitive Exams-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.

Former InMobi Exec Raises Funding From Mohandas Pai To Build Gamified Platform For Competitive Exams-Inc42 Media
Former InMobi Exec Raises Funding From Mohandas Pai To Build Gamified Platform For Competitive Exams-Inc42 Media
You’re in Good company