Indian edtech startup Vidyakul rakes in US$ 500k in bridge round funding

Vidyakul, a Haryana-based edtech startup, has raised US$ 500k in a bridge funding round (Convertible Note) held on September 5, 2021. We Found Circle (WFC) led the investment round with the participation of venture firms like JITO Angel Network and Thinkuvate. Vidyakul welcomed the latest capital investment in less than five months of its previous seed round funding of US$ 500k by JITO Angel Network.

What the CEO has to say

Co-founder of Vidyakul, Tarun Saini, said, “We have been getting overwhelming responses from students from across the states. With the growing internet penetration, the scope of digital learning has widened, and we are exploring the possibilities of the same. So far, we are providing courses for ten boards, and we plan to add three more languages and add courses for three state boards by the end of this fiscal.” 

What the Investors have to say

Co-founder of We Founder Circle, Gaurav Singhvi, said, “We have started helping Vidyakul since 2019 and have invested $100,000 in January 2021 as we were very bullish on vernacular e-learning consumer growth. Since the startup launched the Gujarati language sessions after starting with Hindi, a lot of our investors and the local business community were keen to work with them actively. That is how with overwhelming demand from the Gujarati community, we are able to reinvest $250,000 in this round again.” 

Vice-Chairman of JITO Angel Network, Sunil Kumar Singhvi, said, “Rural education in India has been the prime focus of the government. Vidyakul majorly focuses on the BHARAT region with a huge content bank of over 100,000 video lectures covering 10+ state boards across Maths and Science. We at JITO Angel Network are proud to be part of Vidyakul and are very confident that the founders will lead the company to great heights.”

Managing Partner at ThinKuvate, Ghanshyam Ahuja, said, “We like Vidyakul because it is a fast-growing “BHARAT” focussed multilingual e-learning platform which is enabling teachers to create online courses for students to access quality education at affordable prices in Tier II/III cities in India.” 

About Vidyakul

Co-founded by Raman Garg and Tarun Saini in 2018, Vidyakul mission is to bridge the gap between students and teachers all over India by creating an online platform that enables students to meet renowned teachers for quality integrated, interactive learning. At Vidyakul, students, parents, and teachers work together to provide a perfect online platform to solve all their problems related to learning and teaching online. The four-year-old startup aims at offering education to students in their native language and is currently providing the same to nearly 10 lakh students across 10 Indian states. For more insight about the startup, check out https://www.vidyakul.com/.

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