Online learning platform Eduncle raises $750K from Mumbai Angels Network, others
Kota-based online learning platform Eduncle raised $ 750,000 or Rs 5.54 crore in a funding round to achieve its goals of expanding and developing new test products, launching live classes, and strengthening its technical infrastructure.
Mumbai Angels Network, ah! Ventures, KareKaBa Ventures and others led the round. With this support, Eduncle plans to expand its skepticism skills through the integration of machine-learning and learning skills.
Founded in 2016 by Arpit Pareek and Amit Pareek, Eduncle has established an online learning platform where he provides final exam preparation and final exam guidance – IIT JAM, CSIR NET & UGC NET with many features like live classes, video lectures, printed material, automated skepticism solutions, and a series of experiments included with a personalized guidance session.
According to Nandini Mansinghka, Co-Founder & CEO – Mumbai Angels Network, The Forum has seen double growth in its student base, paid subscribers, and revenue over the past 12 months while spending the most money. “Eduncle’s contributions have grown exponentially in recent times, making quality education accessible to all. We believe that the new money will allow them to achieve their goals and achieve a higher standard, ”added Nandini.
Commenting on this development, Arpit Pareek, Co-Founder & COO of Eduncle said: “Eduncle was established with the aim of providing easy access to quality education for all aspirants in India. Our comprehensive approach to learning problems makes Eduncle a unique platform for Ed-tech applications, and it is even more expanding. ”
“As an investor, I am excited to be a part of Eduncle’s business and its journey, as they spend money to develop quality education and learning solutions nationally and internationally by providing online higher education solutions, strong growth in the future,” said Ankur. Bansal, Co-Lead Investor by Eduncle.
Currently, the online learning platform has about 150 employees, 75 top institutions, and more than 500 educators who work hard 24 * 7 to achieve the organization’s goal, the statement said.
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