Online study platform Zeroinfy has raised an undisclosed amount in Seed funding from Calcutta Angels Network (CAN). In this cash and stock deal, CAN has acquired a 10% stake in the company.
The funding will be used for marketing and increasing the company’s outreach to Tier II and Tier III cities. It will also be used to enhance its technology and develop a mobile app. It also plans to add more courses on its platform.
Kolkata-based edtech startup, Zeroinfy was founded in June 2015 by Rohit Bajaj, Abhishek Bajaj and Aditya Bajaj. The startup curates, creates, and aggregates education content from varied fields. Users too can create courses on Zeroinfy’s platform. It also provides access to online lectures through video streaming.
Talking about the development, Rohit Bajaj, co-founder, Zeroinfy said, “We are trying to develop an educational ecosystem on our website where the students will get an end-to-end solution to their problems. They will get video lectures, static notes, chat opportunities and test series, all in one place. Along with that, the focus has also been on interactivity where the students can talk among themselves, upload their private notes, post their questions in an open forum or even have a one-on-one session with the teacher in order to clear their doubts.”
The startup was incubated at NASSCOM and currently provides study material for competitive exams like CA, CS, CFA, FRM, and IIT-JEE on its website.
Commenting on the investment, Sidharth Pansari, President, CAN said, “CAN’s vision is to give shape to worthy ideas and we are happy to get the scope of mentoring these budding entrepreneurs.”
Zeroinfy claims to currently have 25,000 registered users and more than 50 instructors on its network, who serve as content creators as well.
Earlier this week, fashion startup Purple Style Labs raised $448K (INR 3 Cr) seed funding via LetsVenture and Calcutta Angels Network.
In May 2016, Blume invested an undisclosed amount of funding in the Pre-Series A round of Prepathon, a learning app for competitive exams. In August 2016, Bengaluru-based online learning platform Unacademy raised $1 Mn funding in the second round of external investment.
Earlier this month, Bengaluru-based edtech startup BYJU’s raised $50 Mn in funding led by the Chan Zuckerberg Initiative (CZI), along with Sequoia Capital.
