100X.VC-backed Knorish raises $3,23,000 from angel investors

100X.VC-backed Knorish raises $3,23,000 from angel investors
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3 Jun, 2020

Gurugram-based Knorish Frameworks, which runs an e-learning software-as-a-service (SaaS) platform Knorish, has raised $3,23,000 in a bridge funding round, dubbed a pre-Series A round, from angel investors. 

The Standard Greases Family Group and Uday Sodhi, former business head of video-on-demand service Sony Liv, also participated in the round, according to a statement.

The company did not respond to TechCircle’s email seeking additional details. 

Knorish last raised capital when 100X.VC invested an undisclosed amount in the company in a seed funding round in December 2019.  

“The best way to do business currently is by going online. Not only do Knorish customers stand to discover newer avenues for revenue, they will find more users for their training content from around the world faster,” Kinner N Sacchdev, co-founder of Knorish said.

Sacchdev founded Knorish with Rakhi Wadhwa in 2016. It offers professionals and institutions online courses that help them build websites and set up pre-integrated gateways to automate payment collection.

Customers have also used the lessons on the platform to create and sell online courses and recorded webinars to skills training platforms such as TiEinstitute.in and sbyacademy.in, it said. The company claims to have signed up 1,000 academies in the past 40 days. Since the Covid-19 outbreak, there has been a 400% increase in the number of content creators on the platform, it added. 

“Knorish provides an easy way to create training content and have it on your own website -- with your brand and domain name and full control of everything,” Ninad Karpe, partner at 100X.VC, said.

The global online education market is slated to touch $325 billion in the next few years, the statement said. 

Companies that have recently raised capital in the broader edtech space include Edurev, which was funded by former Facebook and Snapdeal executive Anand Chandrasekaran. 

Last month, Pune headquartered Illumnus Education Technologies raised $100,000 in a seed funding round from a group of Dubai-based undisclosed angel investors.  

Around the same time, Bengaluru-based Kuzagan Technologies, which runs Winuall, raised an undisclosed amount in a seed funding round led by Ankit Bhati, co-founder of cab aggregator Ola, and Nitin Gupta, head of engineering at grocery delivery platform Milkbasket.