Matrix And India Quotient Invest in India’s First Ed-Tech Marketplace for Supplementary Education

Matrix And India Quotient Invest in India’s First Ed-Tech Marketplace for Supplementary Education

Matrix Partners India has invested an undisclosed amount into Purple Squirrel Eduventures, a unique and innovative idea that connects students with industry partners for field visits, workshops and hands on practical experiences.

Founded in September 2013, by Aditya Gandhi and Sahiba Dhandhania, alumni of IIT Bombay and Christ University respectively, Purple Squirrel Eduventures (PSQ) is India's largest online marketplace for supplementary education aiming to make practical and industry driven education accessible to all. The SINE, IIT Bombay incubated start up facilitates industry visits, workshops and hands on trainings for students from all streams.

Talking about the investment, Gourav Bhattacharya, VP at Matrix Partners, said, "We are very excited to partner with Aditya and Sahiba in their quest to create a large company. Purple Squirrel has a unique business model and targets a large, unexplored market. We remain extremely positive on education tech in India and will make multiple investments in the space." 

PSQ boasts of impressive numbers from its first year - 70 colleges from 10 cities, 8000 students and more than 300 partner companies to choose from. Anand Lunia from India Quotient, seed investors since Aug'14, believes this to be one of the most scalable and innovative business models in education, and said, "Purple Squirrel has solved the industry exposure problems by creating the right bite sized industry experiences. We love the way Sahiba and Aditya think of end to end experiences for students.” 

purple squirrel eduventures team

The two founders, both first time entrepreneurs, are extremely optimistic about the sector. Upon reflecting the initial days, Sahiba said, "Both Aditya and I found an expectation reality mismatch in our first jobs. In wanting to help students chose better careers, we realised that we had to change the way they learnt in the first place." "Our programs are fast gaining acceptance across major universities as an aid to classroom education to produce industry-ready graduates. This fund will majorly be used towards product and operation expansions", adds Aditya.

The Purple Squirrel team today is more than a hundred people strong and continues to grow, headed by an extremely ambitious core team, say the founders. 

About the Author
Author: Editorial TeamWebsite:
Team of writers and editors at EdTechReview (ETR) - A premier media platform and community for educational stakeholders to connect and find useful news, information and resources on educational technology having a niche subscriber base of 90,000+ and an annual readership of 2.5M+ from over 220 countries and territories across the globe.
For latest updates, you can follow us on Twitter, Linkedin

Like what we do?

The Latest EdTech News To Your Inbox

Follow us:




Latest EdTech News To Your Inbox

The EdTech Tweets

EdTechReview Meet fellow Higher education leaders at the NoPaperFrom presents EdTechReview Higher Education Technology Conferenc…
About 6 hours ago
EdTechReview Join us at @etr_in HETC 2019 @ Delhi as we welcome Dr. Sanjeev Kumar Sharma, Vice Chancellor, Mahatma Gandhi Centra…
About 9 hours ago

Follow etr_in on Twitter

About ETR Community

EdTechReview (ETR) is a community of and for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilize and share about the best ways technology can improve learning, teaching, and leading in the 21st century.

EdTechReview spreads awareness on education technology and its role in 21st century education through best research and practices of using technology in education, and by facilitating events, training, professional development, and consultation in its adoption and implementation.


-> Read More

Join The Community

Subscribe and Join the 80,000+ members who trust us...

Follow us on

I find every news, reviews very informative and interesting. This site is indeed a great site for both teachers and learners. Thanks to EdTech for creating such an enriching site on education. Hats off!!
- Regin Brown, Educationist and Blogger, United Kingdom

My group likes this site because it's so up-to-date and has tons of relevant articles.
- Angela Giuliano, Teacher, New Mexico

Your write ups and articles ignites the minds making them receptive to the whole new wealth of EdTech.
- Jagat Rana, Parent, India

EdTechReview has some great resources for teachers who need to get some ideas about technology in the classroom.
- Loretta Wideman,Teacher, East Africa

EdTechReview keeps educators up to date with trending tech savvy terms relative to the discipline.
- Dr. Ingrid Rizzolo,Education Professional, Curriculum and Instruction Designer, New York City Area

-> Read More

Go to Our Client List

Adobe Avaya Bettasia Bonio Campus Management CK12 CKS Evernote IBM Intel IQPC Kidzania McGraw Hill Moodle Moot USC Rossier CMR University The British School Canadian International School Pathways Ridge Valley

Subscribe to our Newsletters...