The edtech platform, Winuall (1), has secured 147 crore INR or 2 million USD in its latest fundraise. Prime Venture Partners, Beenext, Ramakant Sharma, the founder of LivSpace, and others participated in the fundraising.
The startup offers technology infrastructure to offline coaching institutes on a subscription-based model. It would bring them online and enable them to provide study material, assessments, and live classes.
The startup observed a massive surge on its platform during the coronavirus pandemic. The shift to online learning became a new routine during the lockdown.
Winuall is planning to sign up more than 20,000 offline institutes on its platform. Consequently, it will reach over three million students by the end of 2021. The company aims to enable coaching institutes and private tutors in India to digitize and improve students’ quality of learning.
Winuall to Help Private Tutors and Coaching Institutes to Go Digital
While commenting on the latest development, the CEO of Winuall, Ashwini Purohit, stated that the team wants to empower private tutors and coach institutes to remain independent. With the help of the platform, they can build and retain their brand name.
Several individual tutors and small institutes offer online learning via freely available video tools for conducting online classes. They are using WhatsApp and other similar apps to share study materials with students. However, there is a growing demand for b2b edtech players in the industry.
The Managing Partner of Prime Ventures, Shripati Acharya, stated that the tutoring market is a significant inflection point. Moreover, several tutors wish to manage their students’ interactions and develop an independent identity. Winuall is aiming to facilitate it by helping tutors and coaching institutes to go digital.
The edtech startup plans to use the fresh tranche to build its product and hire new talent in its technology, product, AI, and business development functions. Winuall claims that it already has more than 5,000 tutors on its classes and has observed a massive increase in online live courses’ adoption because of the lockdown.