Vidyakul, a vernacular e-learning platform that offers quality education at affordable prices, has raised an undisclosed amount from Dholakia Ventures, an investment arm of Dholakia Family Office.
Angel investors including Gaurav Juneja, Saurabh Agarwal, and Puneet Mittal also participated in the round.
Started in 2017 by Tarun Saini, Vidyakul is aimed at providing after-school e-learning for the state board students in vernacular languages. The platform helps students learn academics via pre-recorded and live lectures from the most prominent trusted local teachers. Vidyakul is solving the problem for millions of students who are appearing for state board exams and facing challenges of quality online tutoring in their own language at an affordable price.
Vidyakul believes that education is best delivered when in one’s own language. The company is currently delivering education in 4 languages and has already enabled the same for 10 lakh students from 10 states.
Commenting on the latest move, Tarun Saini, Founder & CEO of Vidyakul, said,
"We have been getting overwhelming responses from students in Gujarat. With the growing internet penetration, the scope of digital learning has widened, and we are exploring the possibilities of the same. The unique approach to deliver quality education in vernacular languages makes us a go-to platform for students from every region in India for – access to quality education. By getting such a response and belief from our investors, we plan to go to the deeper Bharat by penetrating and reaching to each student in rural areas."
The company claims to have witnessed high growth post its launch in the Gujarat region with a focus on learning in the Gujarati language. Within 7 months of launch in the region, it has registered more than 6 lakh students from Gujarat. Vidyakul has also partnered with more than 500 Gujarati medium schools to distribute Digital and print study material.
Dravya Dholakia of Dholakia Ventures said,
"Quality Education in rural areas is the need of the hour and we are happy that Vidyakul’s vision is aligned to it. We like their "BHARAT" focussed multi-lingual approach for the rural areas in the nation, which is an unserved market. We have seen their growth in the Gujarat region and are confident that the team has the potential to lead this category. We're excited to extend our support to this educational evolution through our investment in Vidyakul."
Earlier in September 2021, Vidyakul had raised $500,000 in a bridge round led by We Founder Circle (WFC), with participation from other marquee investors including JITO Angel Network and Thinkuvate.