Vernacular e-learning platform Vidyakul has raised INR 12 crores in a Pre-Series A funding round led by global community-based JITO Angel Network (JAN).
The round was joined by Nadathur Technologies, Indorama Capital Holdings, Tech Innovations, Veena Munganahalli, and We Founder Circle.
Vidyakul, founded by Tarun Saini and Raman Garg in 2019, offers live lectures and pre-recorded courses (from class 9th to 12th) in Hindi, Gujarati, Bhojpuri, and Hinglish to help state board students to learn and achieve their academic goals.
The Gurugram-based EdTech platform provides a one-stop terminus for education-related material such as books, notes, and state board exam preparation modules. It also caters to NCERT and CBSE. The platform said it would begin vernacular training for IIT JEE, and NEET students and aspirants through pre-recorded and daily free live lectures delivered by experienced and accomplished teachers.
Commenting on the development, Tarun Saini, Co-founder of Vidyakul, said in a statement,
“We are building a platform, which is tailor-made to suit the needs of individual students, giving them a classroom-like experience. We are thankful to JITO Angel Network for its continued support to Vidyakul by not only investing in all rounds but also assisting in partnerships with various businesses committed to state board students.”
Pooja Mehta, Chief Investment Officer, JITO Angel Network, said,
“We are proud to associate with a company that aims to make education and access to learning universal in a diverse country like India. The goal ultimately is to support the education of minds who will form the bedrock of our country in the Asian century. Vidyakul, with its large content bank and regional focus, has our full confidence.”
While this is the third time JITO Angel Network investors are participating and leading the fund raise for Vidyakul, they were joined by others who endorse the need for quality EdTech for vernacular students pan India and believe in the impact Vidyakul can have in the equitable access and distribution of academic content to all students.
Vidyakul had earlier raised $500,000 in a bridge round in September last year led by We Founder Circle and an undisclosed amount from Dholakia Family Office investment arm Dholakia Ventures and angel investors including Gaurav Juneja, Saurabh Agarwal, and Puneet Mittal in October the same year.
