Dhurina, a competitive exam preparation app, has raised $1.2 million led by RVCF with participation from other investors like LetsVenture, RBD Publication, India Accelerator, Precision Startup Advisory, and Pai Ventures.
According to a press statement, the startup plans to use the fresh funds towards technological enhancements, aggressive business growth, expansion in the company size, and to improve the product’s functionality for students.
Founded in 2019 by Sachin Sardana and Ayush Dadhich, Dhurina aims to provide quality education at affordable prices to the students of India, with the limelight on rural and Tier-III aspirants. The platform gives students direction to study with the combination of top teachers all across India, domain-specific learning modules, mock tests, live lessons, study notes, and more. It is the first step that a student needs to take in order to advance their career.
Within two years of the launch, the company has been able to reach the milestone of 2.5 million downloads and aims to achieve $10 million revenue by FY23 with a user base of 10 million+.
Commenting on the funding, Co-founder and COO of Dhurina, Sachin Sardana said, "The recently concluded round of funding will allow us to leverage the opportunity to expand to other big states of the country and deliver quality education to students at normal prices. We intend to cater to the exponentially growing market of E-learners in India, who need a platform to prepare for their dream jobs. With these funds, we will now consolidate our position and spread to other big states of the country. Apart from expanding the company's market at PAN-India level, we also plan to invest the funds in employee's growth, scaling platform infrastructure and enhancing the product's features."
Dhurina offers more than 350 courses for 100+ state-level competitive exam categories (including some of the central-level exams) along with various skills-development courses.
Adding further about the capital raised, Co-founder and CEO of Dhurina, Ayush Dadhich and Shubham Sharma, from Insarto (Exclusive Financial Advisor ) said, "Dhurina is changing the way how aspirants used to study for the state level government exams. It is a clear testament to the team and their strong value proposition that Dhurina has scaled to become a market leader in this niche category. Edtech space in the country right now is booming and due to all the valid reasons, given by its mass impact nature."
Ravi Mathur, Vice President of RVCF, added, "We are fortunate to be part of the journey of Dhurina to bring the changes in the education system for the unprivileged and Tier-III students, which is the need of the hour. Their motive serves out to be the standout operator in the Digital Bharat era. We have witnessed their explosive growth in their startup journey of two years and we are delighted to back Dhurina as they march towards success.
Dhurina had earlier raised $135,000 in funding from prominent investors like Chandigarh Angels Network and Modulor Capital. The startup's latest funding brings its total fundraise to 1.3 million.