A private platform for startups and early-stage companies to raise funds, Applyifi, has partnered with Educomp Solutions Ltd., an education company, to launch India’s first EdTech-specific funding forum.
Applyifi is an online platform that converts startup applications into an elegant pitch deck and provides investors with an in-depth, independent analysis and expert scorecard of the investment-worthiness of each business, based on 36 key metrics. Educomp Solutions Ltd was founded in 1994 by first generation entrepreneur Shantanu Prakash, since then, it has empowered over 30 Mn learners and educators across over 65,000 schools to imagine, think and create a better future.
With our access to 1000s of educational institutions, Educomp is in a unique position to help companies take their products & solutions to the market,” said Shantanu Prakash.
How It Will Work:
With both the companies coming together, the Applyifi-Educomp EdTech Funding Forum will provide a platform to identify and support India’s next big EdTech startups, by providing funding, mentoring and unparalleled market access.
Applyifi will shortlist high-potential EdTech startups through their proprietary 36-point scorecard and assessment report platform. The shortlisted companies will be invited to attend one of four first round pitch events to be held in Gurgaon, Pune, Chennai and Bangalore.
The shortlisted startups will be mentored by Educomp and Applyifi to refine their business plan before visiting the Educomp Gurgaon headquarters in March, where they will pitch to a panel consisting of the Educomp leadership team and prominent venture capitalists.
Five companies will be selected for funding by institutional investors and selected angels.
Startups can fill in the form here. The application deadline is January 31, 2016.
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