Ed-tech startup, ExtraaEdge Technology Solutions Pvt. Ltd, has raised $700,000 in its pre-Series A funding round. The funding round was led by Bengaluru-based Sprout Venture Partners and the Indian Angel Network, ExtraaEdge said in a statement. Others that participated include TiE Pune Angels, First Cheque LLP and UIncept.
Abhishek Ballabh, co-founder at ExtraaEdge, said the company will use the funds for expanding its customer footprint, strengthening its data science infrastructure and team, and enhance its product.
Separately, Sprout Venture Partners’ Sahil Gupta said the startup’s platform was providing educational institutes with a data-driven tool to manage and automate their leads and sales processes.
There was a growing need for such products, especially in the Middle East and Asia, he added.
Pune-based ExtraaEdge, founded by Ballabh and Sushil Mundada in 2015, says that it provides enrolment solutions for the education industry through its marketing automation and customer relationship management (CRM) platform.
ExtraaEdge says its services have been adopted by over 130 educational institutes including the MIT Group, Jain University, CMR University, ASM Group, FIITJEE’s myPAT, and Aakash Digital.
In June 2016, the startup raised an undisclosed amount in angel funding from a group of investors including Ritesh Dwivedy, CEO of Petoo.in and Priti Padhy, global director of business intelligence and information management at Microsoft.
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