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.


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.

Wavy Line
Prabhjeet Bhatla

Former Staff

Related Topics

News and Trends

B2B Fintech platform BharatNXT Raises $1.2 Million Seed Fund

The funds will be utilized to invest in product development and expanding the team size by 4 times and enhancing the scalability of the core technology to accommodate ten times the current growth

Science & Technology

'We Were Sucked In': How to Protect Yourself from Deepfake Phone Scams.

Phone fraudsters are using AI to clone the voices of loved or trusted people to rip them off. Here's how to detect if the phone is real or robot.

Growing a Business

Trendspotting 101 — How to Stay Ahead of the Curve in Your Industry

Learn how to spot and capitalize on emerging trends in your industry with these practical tips.

Business Plans

How to Change Careers: A Step-by-Step Guide

Want to make a career change without compromising your finances or future? Check out this step-by-step guide on how to change careers to learn more.

Business News

The FTC Is About to Change Subscription Services Forever. Here's How You Can Prepare.

The new "click-to-cancel" provision will make renewing and terminating subscriptions easier.