Noida-based ed-tech startup Genius Corner recently announced that it has raised $250,000 from Singapore-based individual investors including Mahesh Mohta, Jyoti Arora, Nachu Subramanian, and Srivats.
The company plans to utilize these funds to on-board additional 30,000 students on the platform.
Commenting on the startup’s business model, Singapore-based Investor Mahesh Mohta said, “Genius Corner has a unique/innovative value proposition and business model that allows them to onboard students at a much higher velocity.”
Co-founder Vishal Khatter claimed that the ed-tech startup has delivered more than one million hours of personalized learning to about 50,000 students. With its student-centric approach, the startup identifies the needs, skills, and interests of a student, and then delivers the learnings through its uniquely designed methodology which suits the student.
Earlier, Genius Corner had secured an angel funding of Rs 2 crore in November 2018.
Genius Corner was started in 2014 by Vishal Khatter, Dheeraj Khatter, and Dipak Varshney with an aim to redefine learning and make the process of learning personalized. The startup uses AAA (assess, analyze, and act) framework to enable personalized learning using artificial intelligence (AI) and machine learning (ML).
Indian ed-tech industry has been witnessing a surge of investments by investors all around the world. Bengaluru-based BYJU’S and Unacademy have already achieved the $1bn valuation mark becoming a part of the Unicorn club.
Last week, Bengaluru-based Vedantu had also received $24mn in Series C extension round, led by global venture capital firm GGV Capital. The round also saw participation from existing investors. While Delhi-based Classplus raised $2.5 million in a Pre-Series A round of funding from Blume Ventures and Sequoia Capital India’s rapid scale-up programme Surge along with participation from marquee angels Kunal Shah, Founder of Cred and Freecharge; Alvin Tse, GM, Xiaomi-Indonesia; Eric Kwan, Partner at Locus Ventures; amongst others.
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