Mumbai-based technology-led specialized academic services organization, Schoolguru, has raised $3 Mn (about INR 20 Cr) in a Series A round of funding led by family offices of few HNI investors in India and the US.
Kunal Kumthekar and Ravi Saxena, directors of Cipher-Plexus Capital Advisors, were the exclusive advisors to the transaction.
Incepted in 2012, Schoolguru is India’s leading academic and technology services organisation that helps universities launch, run and manage ICT Enabled and Online Programs on its managed platform. Schoolguru’s managed technology platform provides Information and Communication Technology (ICT) support for universities/courses without having them to spend any capital on infrastructure, content and student service.
- Covers close to 170 graduation and post graduate programs
- Services close to 1.5 Lakh students
- Provides services in 9 major regional languages
- Services in 12 large Indian Government Universities
Schoolguru was started by Shantanu Rooj, Ravi Rangan and Anil Bhat, with an aim to offer elearning services to students even from remote and rural areas, and allowing them to pursue their degrees and diplomas on their smartphones. The company helps universities deliver technology-powered courses, using its hybrid mobile platform, thereby removing the need for a computer and a high-speed internet connection for the students.
With the newly-raised capital, Schoolguru plans to enhance its tech platform and content library to provide an improved learning experience to students.