KopyKitab, a subscription-based digital learning platform, has raised an undisclosed sum from a clutch of institutional and angel investors. The digital learning startup is run by DigiBook Technologies Pvt. Ltd.
Investors that participated in the fresh funding round are Singapore-based Pactolus Ventures and the Stanford Angels network led by Paula Mariwala, the startup said in a statement.
Individual investors Praveen Gandhi, Jeenendra Bhandari, Mohit Dubey and Manoj Mehta also participated in the funding round.
The startup will utilise the current funding to enhance its technological infrastructure with a focus on tutorials as well as building out its ecosystem in the higher education vertical.
Founded in 2014 by Sumeet Verma and Amit Shrivastava, KopyKitab has all relevant study materials, right from e-textbooks from top-notch publishers to curated notes, video tutorials, sample papers, study material for the test preparations and subscription packages for all categories in Higher Education, professional exams or competitions under one roof.
“The way it [KopyKitab] has created an ecosystem with the top publishers in the country, no other company has reached that trust level with the IP holders, gained deep insights about the market faster,” Gandhi said in a statement.
Sumeet Verma, CEO of KopyKitab, said, “The startup is aiming to address the underserved higher education market by focussing on the needs of students in different regions.”
The company claims a user base of five million, with six million app downloads and a presence in over 400 campuses. It also says it has recorded a growth rate of nearly 200% in the past six to seven months, with a minimum average reading time on its platform now at 25 minutes per session.
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