Edtech Startup Ingenium Raises Seed Investment The startup is going to utilize the funds in scaling its operations, strengthen its adaptive assessment technology, improve its product and expand the team

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

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

Unsplash

Edtech startup Ingenium has recently raised an undisclosed amount of funding in the Seed round from India Accelerator's iAngel Network, Lead Angels, Indian Angel Network, and other investors.

There are around six million small and medium institutes in India. The current COVID situation and rise of competitive edtech companies have compelled these institutes to adopt digitization. Ingenium is providing a full-stack digitization platform to these institutes where they can take their institute completely online and scale themselves. Adaptive assessment, in-depth academic analysis, real-time teacher-student-parent interaction is something that is making these institutes adopt the platform.

"We are thrilled with the opportunity that this investment round has given to us. It will help us to scale, hire more people, make our product seamless for our customers, and introduce new features and revenue streams," said Pramudit Somvanshi, chief executive officer, Ingenium.

To achieve the projected scale, Ingenium will focus on forming channel partnerships with already existing resellers in the market, hyperlocal companies in tier-II and tier-III cities. It will provide the tremendous boost that the company requires for achieving the projected scale of business.

"We are impressed with the idea of Ingenium and excited to back a tech-enabled edtech startup that is committed to bringing a change in the existing education system. The perseverance of the founders and the relentless efforts of their team in reaching out to the institutes and academic channel partners display their deep understanding and dedication to be a forerunner in the market. We are confident that Ingenium is will be consistent in offering a distinguished product to educators of Bharat with a sustainable business model," added Anshu Gupta, ex-AVP Investments, HT Media, and a prominent angel investor, who participated in the round through IA's iAngel Network.

Additionally, the startup will be working on adding new revenue streams by focusing on new opportunities such as B2B marketplace, content subscription, and adaptive assessments. As a result, Ingenium can focus on creating a distinguished market identity.

Prabhjeet Bhatla

Former Staff

Leadership

What Makes You a Unicorn in Your Industry? Start by Mastering These 4 Pillars

We all want to achieve elusive unicorn status. But how do you attain such a lofty goal among stiff competition, all vying for the same thing?

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Here's How Much a Typical Google Employee Makes in a Year

Compensation for the median Google employee was up 5% in 2024 compared to 2023, according to a new U.S. Securities and Exchange Commission filing.

Growth Strategies

FMCG Companies Eye Bigger Acquisitions In 2025

Acquisitions and strategic investments will continue to be an important part of large conglomerates growth strategy in 2025

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Growing a Business

7 AI Tools That Help You Build a One-Person Business — and Make Money While You Sleep

Who needs a team? These seven AI tools let you automate everything, scale like a beast and reclaim your time.