Ed-tech startup Genius Corner raises angel funding
Ed-tech company Genius Corner Educom Pvt. Ltd has raised Rs 2 crore ($278,000) from a clutch of angel investors, the Noida-based startup said in a press note.
Individual investors Ranbir Singh, Mahesh Mohta, Lakshmikantan Sundereswaran, Dipak Varshney and Puneet Garg made the investment, the startup said.
Vishal Khatter, co-founder of the venture, said the funds will be used for geographical expansion as well as to augment the machine learning backbone of the platform.
Varshney, one of the investors, said artificial intelligence-based personalised learning will benefit both students and educational institutions.
Genius Corner was founded in 2014 by Vishal and Dheeraj Khattar, and Samrat Chauhan.
Vishal is a mechanical engineer from the Delhi College of Engineering and studied management at IIM, Lucknow. He worked with Wipro before turning an entrepreneur.
Dheeraj graduated in electronics and communications engineering from the National Institute of Technology, Kurukshetra. He has earlier worked at HCL Technologies.
Chauhan is a alumnus of both NIT Kurukshetra and IIT Kharagpur. He earlier worked at Deloitte and Ashok Leyland.
Genius Corner offers an analytics platform to evaluate the performance of tutors and students. It assigns specific training modules to teachers to polish their delivery skills on specific concepts. It also offers an analytics platform to track the students' performance, thereby enabling the tutors to identify the subjects where the students are strong or weak.
“This funding is a significant milestone in allowing us to expand the business, strengthen development and create value in the market with new feature,” Vishal Khattar said.
Genius Corner claims it has helped raise the academic levels of more than 50,000 students across the country through its analytics platform.
Recent deals in ed-tech sector
Genius Corner joins a growing number of ed-tech companies that have raised funding this year. Just last month, ed-tech startup GuruQ secured Rs 2.5 crore in a pre-Series A funding round from a clutch of high net-worth individuals.
In September, Jaipur-based experiential learning startup SRJNA raised an undisclosed amount of funding from impact investor Gray Matters Capital’s edLABS initiative, angel network Keiretsu Forum and SucSEED Venture Partners.
In June, online learning platform Unacademy raised $21 million (Rs 144 crore) from existing investors Sequoia Capital, Nexus Venture Partners and SAIF Partners.