Bengaluru and California-based elearning startup Quizizz has raised around ₹20 crores ($3 million) in a funding round led by Nexus Venture Partners. Prime Venture Partners and a few angel investors were among the existing investors that participated in the round.
The funds raised will be used to expand its product portfolio by developing new products to help students master standards specific to their grade level, school, and state.
Quizizz was founded by BITS Pilani graduates, Ankit Gupta and Deepak Joy Cheenath in 2015. It provides a platform for teachers to design quiz games based on tests and homework to engage students and facilitate learning in a fun way.
Ankit Gupta, co-founder, Quizizz, said, “Our mission is to motivate every learner. When we hear that a student initially struggled on a math assignment but then replayed it six or seven times because he/she wanted to improve, we know we’re on the right track.”
The platform offers different game modes for students along with features like points, customizable memes, and an optional leaderboard to personalize the experience for each class. This helps the teachers to conduct fun and quick assessments to gauge out the understanding and knowledge of its students to map out a teaching plan. The platform is used by more than 10 million, teachers and students.
According to a Google and KPMG report of May 2017, the online education sector has the potential to touch $1.96 billion by 2020 from the current $247 million. Indian has always been an education-focused country, so the potential for such a platform is huge as it changes the way education is pursued making it easier for teachers to assess and making it more fun and educational for students.
Other prominent edtech players in India include Unacademy, Toppr, Simplilearn, Mertination, Byju’s, and Educational Initiatives, among many others.