Jaipur headquartered edtech company Edhusk said it has raised an undisclosed amount in an angel funding round from Mumbai Angels Network.
The startup will deploy the funds to expand its services to a new domain and automate the tutor-finding process, according to a statement.
The company was founded in 2017 by Indian Institute of Technology (IIT) Kharagpur graduates Himanshu Meena and Anuj Bhuria. It provides tutors for students from classes 1 to 12; coaching for football, martial arts, skating, swimming and volleyball; and has skills trainers to conduct spoken English, dance and instrument playing classes.
“As each child is unique, much required personalised development needs of the child are catered to quite brilliantly by Edhusk. This approach, together with the passion of the founders to take Edhusk pan India, called for investment from me in this company,” Mumbai Angels investor Abhishek Pansari said.
Co-founders Meena and Bhuria have interned at companies such as Fitso and Ola, respectively. They also trained at Goalwise, according to their LinkedIn profiles.
The deal marks the early-stage investment platform’s ninth investment in 2020 -- it funded five firms in April, three in May and one this month. It has earlier backed companies such as digital media startup NewsReach, supply chain technology startup Aker Foods Agrotech, algorithmic trading solutions provider AsknBid, travel tourism platform BLive, student housing platform RoomSoom, agritech startup BrainWired and electric vehicle charging solutions provider Charge+Zone.
Founded in 2006, Mumbai Angels Network consists of over 450 members across nine cities, including Mumbai, Delhi, Bengaluru, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai. It has made over 135 investments and exited 30 firms, having spent over Rs 150 crore till date.
Additionally, the edtech space has seen multiple deals in the past few months.
At the beginning of the month, early childhood-focused edtech startup Flinto Learning Solutions raised $7.2 million in a bridge funding round, dubbed a pre-Series B round, from returning investor Lightbox Ventures.
Last month, telecom operator Bharti Airtel acquired a 10% stake in education technology startup Lattu Media, which operates an English vocabulary learning app called Lattu Kids. The same month, Gurugram-based Knorish Frameworks, which runs an e-learning software-as-a-service (SaaS) platform Knorish, raised $3,23,000 in a bridge funding round, dubbed a pre-Series A round, from angel investors.
In May, Pune headquartered Illumnus Education Technologies, which owns and operates Illumnus, scored $100,000 in a seed funding round from a group of Dubai-based undisclosed angel investors.