EdTechReview Raises Funding From EVC

Delhi-based EdTech media platform and community, EdTechReview, has raised an undisclosed amount of Pre-Series A funding from EVC Ventures. The round is led by Anjli Jain, Managing Partner, EVC Ventures.

Founded in 2012 by Utkarsh Lokesh, Shantanu Rana, Divya Prakash and Saransh Garg, EdTechReview is a community for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilise and share about the best ways technology can help improve learning and  teaching.

Currently EdTechReview is serving over 60,000 active subscribers globally; engaging and working with over 1,000 K-12 and higher education institutions and over 100 edtech startups and companies worldwide.

EdTechReview has grown into a leading media platform for educational stakeholders to find useful news, information and resources on educational technology, from over 200 countries and territories across the globe majorly from North America, Asia and Europe with over 200k visitors a month.

CEO Utkarsh Lokesh said, “On one side, there are a hundreds of edtech startups and companies (both Indian and foreign) itching to understand the Indian education system, and on the other there are thousands of educators looking to take their practices to the next level using various technologies; so we see EdTechReview as the only organisation playing a key role here in bridging this gap between two set of stakeholders. We want to put our experience of working with hundreds of institutions and edtech, e-learning companies to use, by creating a strong forward thinking community in India”

The startup will use the newly raised funding to expand activities in different cities in India. The startup also claims to be working with foreign edtech players (companies and investors in USA, Australia and Singapore), planning to enter the Indian education market and would be expanding the team to help such companies with a host of services.

Initially EdTechReview will focus on operating out of two offices in Delhi and Gurgaon before expanding to other geographies.

Over the next 6 months EdTechReview aims to strengthen the community through several niche products, events and conferences in India targeted towards K-12 schools, colleges and universities, education entrepreneurs and investors respectively, with a focus on providing global edtech players a platform to enter the Indian edtech market.

In April 2016, US-based investor Entrepreneurship and Venture Capital (EVC) announced that it will launch India-focussed $50 Mn (INR 332.6 Cr.) early-stage investment fund to back enterprise software internet and mobile-focused startups.

The VC firm is led by serial entrepreneur and investor Anjli Jain. Besides focusing on startups operating in the education sector, the firm also planned to back early-stage ventures in the internet of things (IoT), ad-tech, ecommerce, wearables, and gaming segments. It will invest between $100K to $5 Mn in startups, while its accelerator could invest between $5K to $100K in exchange for equity in the ventures.

Later in April, Gurgaon-based micro delivery startup Milkbasket raised $500K in Pre Series A round of funding led by EVC and a group of Chinese investors.

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