Law Prep Tutorial, an Indian CLAT coaching institute, has raised USD 100K in a Seed funding round from MCats on 24 January 2022.
Investors: Founded in 2019, Marwari Catalysts Ventures is an accelerator based in Jodhpur, India. Marwari Catalysts Ventures have incubated over 150 startups and own a stake in 30+ startups. It’s a closed knit group of professionals and successful startup founders with strong professional and academic credentials.
The Objectives behind the funding: The company plans to deploy the current proceeds towards scaling, product development and enhancement, and building out the next level of a strong management team to expand its footprint across the country. In addition, the startup will also invest in technology for interactive data-driven products for intelligent learning, providing live classes, practice tests, live practice sessions, remedial material and other forms of interactive content to aspirants.
About Law Prep Tutorial
Founded in 2001 by Sagar Joshi and Anupama Joshi, Law Prep Tutorial is considered as one of the best CLAT coachings in India. The founding team holds more than 20 years of experience in teaching law aspirants. It combines the best in entrance preparation with the best in law admissions related to teaching, tutoring, consulting, and advising, in turn making it a win-win for law career aspirants. With a record of 100 plus toppers every year, Law Prep Tutorial is considered as ‘The CLAT Toppers Factory’. The startup has a total of 12 branches across the country, covering 450 cities with more than 100 faculty members helping students achieve their dreams.
What the Founders have to say:
Commenting on the funding, Sagar Joshi, Director, Law Prep Tutorial, said, “To make the process simpler and with a passion for excellence in education, Law Prep Tutorial is an initiative by a team of adequately qualified and vastly experienced professionals, where our focus is only on the students. The success of our students over the years is a testimony for the same. With this fundraise, we are excited about the opportunity to work with the vast network of Marwari Catalysts Ventures. This will further accelerate our overall efforts to achieve our vision and empower the law and judiciary ecosystem.”
Further adding, Anupama Joshi, Founder, Law Prep Tutorial, said, “ At Law Prep Tutorial, our goal is to exceed students’ expectations – be it with respect to their score, the quality of LPT’s service, and to make the aspirants clear through the entrance exam. We try our best to find out students’ academic strengths and weaknesses and help them strategize their study plan accordingly under the expert teaching of a highly trained staff.”
What the Investors have to say:
Speaking on the investment, Sushil Sharma, Founder & CEO – Marwari Catalysts, says, “Even though the EdTech revolution in India is accelerating at a rapid pace, the mass consumer is still relatively untouched by the transformation that it can deliver. We aim to change that by supporting startups that can aid the development of education and thereby bring a revolutionary change in the startup ecosystem of tier-2, tier-3 cities, semiurban, and rural India. As a result, having a portfolio of 35+ startups, 30% of startups at MCats are EdTech.”
Sharing his rationale, Devesh Rakhecha, Founder & Director, Marwari Catalysts, added, “We invest in tech-powered EdTech startups as we want our network of investors to be part of the vision to empower the young generation to innovate and gain a position in this ever-increasing competitive scenario. And we saw that Law Prep Tutorial has a long-term orientation and a strong alignment of vision. The startup is poised to become a national brand and top-level leader in the law entrance coaching market.”
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