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Bangalore-based education startup for parents to find tutors for their wards, Flipclass has raised $1 Mn in funding from S. Chand & Co. Pvt. Ltd, a publisher of textbooks and provider of online educational content, and venture firm Blume Ventures, reported Mint.
Flipclass was founded by Vineet Dwivedi in 2013. The startup is using the technology and the Internet to provide effective home tutoring solutions. It aims to help children succeed academically by helping them learn better, clarify doubts and prepare themselves for the competitive environment.
How Does FlipClass Work?
FlipClass works on a three-tier model and helps cater to the specific requirements of customer, ensuring fulfillment of their needs.
- It provides an online platform to match the requirements of the parents to the qualifications of the tutor and find out if they are a suitable match
- It also has an inbuilt assessment platform, to give a feedback to the students and to gauge their learning
- The website also provides tools to support the ongoing classes and guide the students better
Be it a parent or a tutor, one just need to register on the platform. Flipclass charges a registration fee of INR 2,000 from the tutor as well as a platform and printed material fee of around INR 6,000 per annum; these content/notes are either leased or licensed.
For students, the charges depends on number of hours one is asking for per month, these vary from INR 3,000 to 10,000 per month.
The company claims to have an active database of 4,000 students and 10,000 tutors, and has delivered over 200,000 hours of home and online tuitions.
“We are very excited to have S. Chand invest in our platform. We will also look to integrate their content with our learning tools and provide a more enriching experience to students,” said Vineet Dwivedi, CEO of FlipClass.
Prior to this, Flipclass raised about $150K (INR 1.5 Cr.) in seed round from a group of investors led by Hareesh Ramanna, founder of Singapore based BlueCap Mobile Holdings, on online funding platform, LetsVenture.
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