India: Schoolguru raises $3m for enhancing technology, content library

The platform was launched in 2012 by Shantanu Rooj, Ravi Rangan and Anil Bhat to help universities offer e-learning services to students. Visual from Schoolguru website.

Schoolguru Eduserve Pvt. Ltd, a technology-led specialized academic services organization, has raised $3 million (about Rs.20 crore) in a Series A funding led by high net-worth investors (HNIs) from India and the US.

The investment will be used for enhancement of its technology platform, the company said in a statement.This was first reported by The Economic Times on Wednesday.

Schoolguru, which helps universities launch, run and manage Information and communications technology-enabled (ICT) online programmes, said that the new funding will also be used to enhance its content library. Kunal Kumthekar and Ravi Saxena, directors, Cipher-Plexus Capital Advisors, were the exclusive advisors to the transaction, the company said.

The platform was launched in 2012 by Shantanu Rooj, Ravi Rangan and Anil Bhat to help universities offer e-learning services to students.

The company also services 12 government universities to help manage their online course delivery programmes.

“We have plans to offer services of our platform not only to the ODL (open and distance learning) students but also to the students enrolling for traditional classroom education and with the technology support we would like bring a change in the classroom education in several remote areas of the country,” said Rooj, chief executive officer and co-founder of the company.

The platform helps students from remote and rural areas to learn online as well using smartphones. The company currently covers 170 graduation and post-graduation programs and services around 150,000 students in nine major regional languages, Schoolguru said.

Education technology, which has been gaining significance over the last couple of years, got a boost with the government’s Digital India initiative.

The market size for multimedia and ICT in India was around $2 billion and is expected to grow at a compounded annual rate of 18% to touch around $3 billion by 2017, according to research and consultancy firm Kaizen Institute Consulting Group Ltd. According to its classification, there is core education which comprises fundamental education that culminates in a degree (K-12, undergraduate etc); parallel education which looks to fill the gap in core education with vocational training, tutoring etc; and ancillary education which includes products and services supplied to companies in the core and parallel segments such as ICT and multimedia.

Schoolguru will look to partner with nearly 30 Indian universities, targeting over one million students within the next couple of years. The company will also look to expand its operations to universities from regions such as South East Asia and countries in Africa.

Also Read: OnlineTyari raises $0.75m from 500 Startups, Mohandas Pai, others

India based test preparation start-up MockBank Learning raises $400k seed funding

This article was first published on Livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.