Ending Soon! Save 33% on All Access

Quizizz Raises $12.5 Mn In Series A Round The edtech startup will use the funding to expand its team to support school and corporate customers and accelerate international user growth

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Quizizz

Bengaluru-based edtech startup Quizizz announced on Tuesday to have raised $12.5 million in 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.

The edtech startup will use this new funding to expand its team to support school and corporate customers and accelerate international user growth.

They pledge to continue building tools that make teachers' lives easier and give educators more time to provide personal support to their students.

"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," said Ankit Gupta, chief executive officer, and co-founder, Quizizz. "Our focus on teacher-directed learning differentiates Quizizz from many Indian edtech startups providing independent study solutions and supplemental curriculum."

In 2020, feedback from teachers has been said to have affected by the pandemic inspired the team to expand their product offering. The learning platform now supports more than 60 million people per month and is used in over 65 per cent of the US schools.

Co-founders Gupta and Deepak Cheenath tested the first version of the platform while volunteering at a remedial math program in Bengaluru, India. Today, it claims to have customers in over 100 countries and is profitable.

"Digital technology has become an integral part of the teaching process and the adoption of technology by educators has only accelerated during the pandemic," shared Shweta Bhatia, partner and 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 US, Europe, and Asia."

The startup maintains that it helps teachers quickly create gamified quizzes and interactive lessons that generate instant student feedback without needing to be graded by hand. In addition to reducing time spent on grading, teachers benefit as their peers adopt the platform and make new content available.

"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," added Deepak Cheenath, co-founder, Quizizz.

Today, a teacher can use and customize over 30 million quizzes and lessons spanning primary school mathematics to career and technical education. In 2020, students collectively answered more than 13 billion questions on the platform, the company shared.

Prabhjeet Bhatla

Former Staff

Thought Leaders

Need More Confidence? These 10 Bestselling Books Will Help Improve Your Self-Esteem

Self-esteem can be hard to come by and even harder to maintain. To give yourself a boost, try these authors' words of wisdom.

News and Trends

Navigating the Boom: How Investors Are 'AI-ing' Big in India

While the startup ecosystem tries to leave the funding winter behind, the AI startups and investors are having a pleasant time

News and Trends

Collective Artists Network Secures Investment from Nikhil Kamath

The investment is a secondary transaction, that is poised to open the road to a '5X' return, thanks to a strategic exit for InMobi's Glance, which had an investment in Collective dating back to 2021.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

IVY Growth Launches INR 250 Crore Sector-agnostic VC Fund 'Arigato Capital'

It will look to back agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies

Science & Technology

How AI and Data Are Revolutionizing the Pharmaceutical Industry

Despite their main products being drugs, pharma companies are driven by the power of data and AI, which helps them prove their value in treating and eradicating diseases.