Eduisfun, an educational technology startup, has secured Rs 200 crore in its first round of funding from a list of marquee angel investors and high net-worth individuals, including Deepak Parekh and Amitabh Bachchan. Other investors include Piyush Pandey, chief creative officer of the Ogilvy Group and Russell Parera, partner, assurance at Price Waterhouse & Co. The startup was founded by Jatin Solanki & Praveen Tyagi in 2014.
The startup will utilize these funds to increase its scholarship pool and technological updates on its app.
The startup runs and owns STEPApp, which offers a gamified learning format that is fun and engaging with expert quality content mapped with school curriculum.
According to the company website, “The content in STEPapp is created by a team of 400+ IITians and doctors who have worked for over 5 years on the concept delivery in a unique gamified format. The team of IITians and doctors have expertise in their domains and have years of experience in teaching and training children for various competitive exams like IITJEE, BITSAT, NEET, AIIMS, Olympiads, TOEFL, SAT and other national and international-level competitive examinations.”
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