The edutech startup combines private tutoring with technology enabled learning for CBSE, ICSE and state boards
Hybrid tutoring platform, Genext Students has secured $580K in its Pre Series A funding round from undisclosed investors.
The startup aims to allocate the funds towards team building, strengthening its technology and expanding its services to new cities such as Bengaluru, Lucknow, Jaipur, Hyderabad, and Chennai.
The edutech startup was launched in February 2013 by Ali Asgar Kagzi and Asad Daud. It combines private tutoring with technology enabled learning for CBSE, ICSE and state boards.
The startup claims to have more than 4,000 tutors registered on its platform, and 75% M-o-M repeat customers. The company in a statment said that it has over 1 million users of its digital study content.
Ali Asgar Kagzi, Co-Founder and Director, Genext Students, said, “In FY 2016-17, we were able to register over 1000% growth with the optimum blend of offline and online personalised learning services. With our fresh round of funds, we aim to expand our services to more cities, across a greater number of geographies, and make use of technology in an enhanced manner.”