Edtech startup Verzeo secures ₹36 crores in series A funding

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Bengaluru-based edtech startup Verzeo has raised around ₹36 crores ($5 million) in series A funding from a bunch of high net-worth individuals (HNIs), as reported by Inc42.

The funds raised will be used for research and development, marketing, and expansion of its product.

Earlier, the startup raised an undisclosed amount of seed funding in April this year.

Verzeo was founded by Vungarala V Subrahmanyam, a 20 year old, Manipal Institute of Technology dropout, in 2017. The startup leverages AI to provide a technology platform that offers various training courses, conducts hackathons, provides internships, and placement opportunities for students.

The startup has more than 14,500 certified graduates, along with more than 43 mentors with over 60 courses on its platform.

Programmes provided by the company include Artificial Intelligence, Azure Cloud Computing, Blockchain Technology, Cyber Security, Web Development, Machine learning with Python, Augmented Reality, Virtual Reality, Technology-based programs, share Point, Power PI, Selenium, DLSI and 50 stimulating courses in collaboration with Microsoft Corporation as their authorised education partner.

The startup aims to reach more than 300,000 students in the country through its platform by the end of 2019. It has also partnered with a number of educational institutes in tier 2 and tier 3 cities to reach students in smaller cities and enabling their educational and professional careers.

Indian education industry is expected to reach $100 billion by 2019, making it a lucrative industry. India already has the second largest e-learning market in the world, only behind the US. With an additional boost in the education sector by the government, the industry is helping the Indian youth to access quality education at affordable prices in remote areas.

Other players in the edtech domain include the Indian edtech unicorn Byju’s, Unacademy, UpGrad, Simplilearn, and Embibe, among many others.

The education industry is getting bigger and more competitive as more startups look to leverage the opportunity, benefitting the Indian students with skill building.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Modi holds bilateral with Qatar Emir, meets other leaders

New York, Sep 23 (IANS) India and Qatar reviewed the full range of their ties during a bilateral meeting...

Temples, schools to be re-opened in Kashmir: Minister

Bengaluru, Sep 23 (IANS) Hundreds of temples and schools that remained shut down in the Kashmir Valley over the years would be re-opened for...

PKL 7: Bengaluru, Delhi play out enthralling draw

Jaipur, Sep 23 (IANS) Bengaluru Bulls and Dabang Delhi drew 39-39 in a closely fought Pro Kabaddi League Season 7 contest at the Sawai...

At some point, India may agree to Kashmir mediation: Trump (2nd Lead)

By Arul LouisNew York, Sep 24 (IANS) US President Donald Trump said on Monday that "India may come" around to his mediating on Kashmir,...

Kashmir mediation offer stands, but if both agree: Trump (Lead)

By Arul LouisNew York, Sep 23 (IANS) US President Donald Trump said on Monday he is willing to mediate on Kashmir, but only if...
- Advertisement -

More Articles Like This