ConceptOwl, an edtech startup has bagged ₹3.5 crore funding from seed-stage investment platform Indian Angel Network, also known as IAN. The edtech platform will put the infuse funds in enhancing and diversifying its offerings, as well as to bolster its sales and marketing operations.
The funding round was led by prominent investors KRS Jamwal, and Mitesh Shah, along with Ankit Somani joining the company’s board to further help the startup scale.
“Although online courses do exist, students mostly find learning in a classroom setting more comfortable. It is understandable as it is difficult to not get distracted by other functions of a digital device at such a tender age. It is here that ConceptOwl steps into the picture. We deliver quality education to students through a team of trained instructors and a vault of engaging video content at extremely affordable prices,” Rajan Singh, founder and CEO, ConceptOwl.
ConceptOwl, based out of Thiruvananthapuram, was founded in 2016 by Rajan Singh. The startup is dedicated to delivering online-in-classroom science and mathematics coaching, without teachers, to school students in Tier-II and Tier-III cities at affordable prices.
It looks to aim the large population of students living in semi-urban and rural areas across India, who are currently unable to locally access quality coaching to prepare for entrance exams. Further, these students also find it difficult to bear the expense of living in cities like Kota, Delhi, and Hyderabad in search of credible coaching opportunities.
While, Ankit Somani, Lead Investor, IAN, said, “On one hand, there are multiple coaching centres in India that follow the traditional in-classroom style of teaching. On the other hand, there are edtech teaching platforms that impart self-paced learning entirely through the digital medium. ConceptOwl combines the best of both worlds. It is this innovative model which assures us of the merit of our investment. We eagerly look forward to helping this high-potential startup to transform the Indian coaching landscape for the better.”
ConceptOwl curates the real-time interaction facilitated by in-classroom teaching and quality learning material on its digital platform.
“We are thankful for the support we have received from IAN. We will utilise the investment to further bolster the quality of our current offerings while bringing more vernacular languages into the scope of our services, and to boost our marketing and sales,” Rajan added.
Besides, there are major edtech startups in India which are covering the education technology market at an amazing pace, includes Byju’s, Careerguide, Dewra, Collegedekho, CueMath, CultureAlley, Dost Education, Edudharma, Edukart, etc.