Quizizz – an Edtech startup with a presence in India and the U.S. – has announced a $12.5 million Series A funding round led by Eight Roads Ventures with participation from GSV Ventures, Rocketship VC and existing investors Nexus Venture Partners and Prime Venture Partners.
Co-Founders Ankit Gupta and Deepak Cheenath tested the first version of Quizizz while volunteering at a remedial math program in Bangalore, India. Today, Quizizz claims to have customers in over 100 countries and is profitable.
“No matter what is being taught, we think the best and most personalized learning happens when an educator is freed from busywork like grading worksheets and rigid, out-of-the-box curriculum” says Ankit Gupta, CEO and Co-founder. “Our focus on teacher-directed learning differentiates Quizizz from many Indian Edtech startups providing independent study solutions and supplemental curriculum.”
“Digital technology has become an integral part of the teaching process and the adoption of technology by educators has only accelerated during the pandemic”, said Shweta Bhatia, Partner & Head of Technology Investments, Eight Roads Ventures India. “Quizizz’s customer centricity and product-first approach has resulted in a highly engaged community of teachers and students. We have a strong belief in Ankit and Deepak’s deep understanding of their users which has resulted in incredible word-of-mouth growth across millions of teachers in the U.S., Europe, and Asia.” she added.
Quizizz will use this new funding to expand its team to support school and corporate customers and accelerate international user growth.
“We’re incredibly proud of our team and our teacher-first strategy. This new investment is an opportunity to grow the company, solve more problems for teachers, and move more quickly towards our goal of motivating every student in the world.” adds Deepak Cheenath, Co-Founder of Quizizz.
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.