Get All Access for $5/mo

Vidyakul Closes INR 12 Crore In Pre-Series A Round The platform claims that it enables more than 10 lakh students from 10 states to access education in four major Indian languages

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

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

Pexels

Vidyakul-Bharat Ka Online School, a vernacular e-learning platform, closes INR 12 crore in pre-Series A funding round led by JITO Angel Network, a community-based angel network in India, joined by Nadathur Technologies, Indorama Capital Holdings, Tech Innovations, Veena Munganahalli and We Founder Circle.

"We are proud to associate with a company that aims to make education and access to learning universal in a diverse country like India. The ultimate goal is to support education of minds who will form the bedrock of our country in the Asian century. Vidyakul, with its large content bank and regional focus, has our full confidence," said Pooja Mehta, chief investment officer, JITO Angel Network.

JITO Angel Network is a community-based organization that invests in budding entrepreneurs and supports them by leveraging the community platform of Jain Internation trade organization. The network has to date built a strong portfolio of more than 65 companies where over 30 have raised up rounds and follow-on rounds, claimed by the company in a statement.

"We are building a platform, which is tailor-made to suit the needs of individual students, giving them a classroom-like experience. We are thankful to JITO Angel Network for its continued support to Vidyakul by not only investing in all rounds but also assisting in partnerships with various business committed to state board students," said Tarun Saini, founder, Vidyakul.

Founded in 2019, Vidyakul offers live lectures and pre-recorded courses in Hindi, Gujarati, Bhojpuri and English to help state board students to learn and achieve their academic goals. Vidyakul claimed in a statement that it enables more than 10 lakh students from 10 states to access education in four major Indian languages.

According to India Brand Equity Foundation, the edtech industry in India is slated to expand at a CAGR of 39.77 per cent to reach $4 billion by 2025. Of this forecasted value, $1.5 billion will be concentrated in the K-12 segment and in pre-preparational and after school foundation course. Demand for courses from tier II and III cities too will have a major role to play in this growth.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Leadership

I've Spent 37 Years in Business — Here's How I Beat the Odds and Stayed Ahead

For over thirty years, I have led a successful media production and communication consulting company. Only 25% of new businesses survive for 15 years or more, so I have beat the odds. But having staying power is not a matter of luck.

Business News

'You Own Nothing Here on Social': Meta Outage, Looming TikTok Ban Has Creators Questioning How Much of Their Business They Really Control

With repeated tech outages and a possible TikTok ban on the horizon, creators are looking for new ways to influence. Turns out, one old-school way still reigns supreme.

Business Solutions

Right Now, You Can Get More Than 310 Hours of IT Training for Just $50

Stay ahead in tech with the CompTIA Super Bundle.