LectureNotes, an online platform for teachers to share educational resources like notes with students for free, has raised $2.5 million in pre-Series A funding round from the Canada-based venture capital company Jani Ventures.
With the latest round of funding, the Bhubaneshwar-based startup plans to work towards building a strong experienced team, developing its B2C platform and expanding to new regions. In addition, it will also use a portion of funds towards improving and scaling its B2B digital class infrastructure named LectureRooms.
Under the LectureRooms, multilingual transliteration and data-driven student analytics, are two projects, where the startup will be focussing on.
Co-founded by Upamanyu Chatterjee, Shouradeep Chakraborty, Md Fazal Mustafa and Srustijeet Mishra in 2017, LectureNotes offers online notes to undergraduate students. It also provides services such as handwritten notes via LectureNotes, live learning via LecturePrime, AI-personalisation of content called LectureRooms, institutionalised courses via Lecture Academy, video conferencing infra for stakeholders called LectureRemote and CollegeShala.
LectureNotes's mission is to enable people in the field of education to connect, empower institutions to create world-class leaders and innovators for society and industry, create a support system for mastery in learning, and enable access to high-quality educational resources for the masses.
The platform focuses on creating localised learning ecosystems with a community building approach. Its content is personalized and mapped to the user’s university. Further, an AI based recommendation system guides learners, based on their study patterns and preferences. It is presently looking into gamification of exam packages.
The company's vision is to bring together a community of intellectuals that engage in revolutionary discussion, collaborate to create and share content to help the masses learn better. The most essential value that it upholds is that the platform focuses on making a few great things instead of making many mediocre products.
The startup claims to have 2 million users along with over 3 million pages of content. The firm aims to onboard at least 50 universities and over 1000 graduate campuses in India. Further, it targets to become a repository of hyperlocal learners in the country by the end of FY22.
Earlier in January, LectureNotes acquired CollegeShala, a Kolkata-based community driven EdTech startup for an undisclosed amount in an all-stock deal. As part of the transaction, the three co-founders of CollegeShala shared core responsibilities in the LecturerNotes Group.
In 2019, LectureNotes had raised INR 2.5 crore in angel funding from a Singapore-based group of High Net-worth Individuals (HNIs).