XPrep, a Delhi-based tutor enablement platform has raised an undisclosed amount of funding from venture fund Rising Stars. The round also saw participation from Manish Amin, Pallav Pandey, Chavi Jafa, among others.
The newly accumulated money will be used by the company to strengthen its technology, expand product offerings and fill up key positions in the team.
The company has also said that it is now in advanced talks with investors for a follow-on round of capital. Simanta Das, Managing Director- Rising Stars said,
We are pleased to see what was an idea on paper, come to first steps of fruition. What is more encouraging is that the team continues to innovate their business model to adapt better to both market and shareholder value creation.
Mukul Rustagi, CEO, XPrep, said,
We believe that to be a very unlikely proposition in a country like India, where the education system is competitive and tutors are revered. Empowering tutors has to be the way forward. Paying customers and backing from seasoned investors give us more confidence to march ahead fearlessly towards our vision.
The startup was founded in 2015 by Mukul Rustagi and Bhaswat Agarwal. It aims to fill the gap between the tutor-parent community by ensuring a continual and seamless engagement within the ecosystem.
XPrep has opted the mobile-first approach, and the platform is being used by tuition centres and coaching institutes to conduct pre and post-classroom engagement activities.
It automates daily tasks like information dissemination, assessment conductance and class notification on the app, allowing tutors to cut time spent on ancillary activities.