iNSTRUCKO, an EdTech Company, has raised an undisclosed amount in Pre Series A funding from Virgin Group, MVK Group Venture Capital firm based in London, and a consortium of venture capitalists across London, Abu Dhabi, Dubai, and Switzerland.
Based out of the UK with offices in London, Mumbai, and Delhi, iNSTRUCKO delivers digital content live from teachers.
The company plans to use the funding to expand the brand’s customer base across India, Middle East, Singapore, and the UK. It also seeks to develop new content and expand the scope of its existing partnership with establishments such as Eton College.
Devvaki Aggarwal, CEO of iNSTRUCKO, commented on the funding – “With this round of funding, we are aiming at building our position as a leading premium education brand across India. Our focus is on delivering top-quality courses designed by experts from the UK and India with strict attention to detail, such as capping the number of students in a group at three. This enables us to carve a niche for ourselves in the fast-growing education technology sector and more importantly provide quality lessons with clearly defined learning objectives.”
Manish Karani, Founder and CEO, MVK Group said, “Education and Education Technology are a priority segment for us and we are excited to invest in iNSTRUCKO. iNSTRUCKO addresses a very important global problem and we look forward to its potential of adding the X-factor that will empower students to achieve not just professional success, but personal as well. They have a fantastic team, which understands the space really well and we are eager to work with the iNSTRUCKO team closely as they chart their growth journey.”
iNSTRUCKO, one-to-one language learning platform, has also collaborated with EtonX, an education technology company founded by the Eton College.
–AK
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.