Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 25 2019

IAN invests Rs 3.5 crore in edtech startup ConceptOwl

The fresh capital will be utilized by the Trivandrum-based start-up to enhance and diversify its offerings, as well as to bolster its sales and marketing operations.

IAN, the single largest horizontal seed stage platform in India, has made an investment of Rs 3.5 crore in edtech startup ConceptOwl. The fresh capital will be utilized by the Trivandrum-based start-up to enhance and diversify its offerings, as well as to bolster its sales and marketing operations.

The funding round has been led by prominent investors, KRS Jamwal and Mitesh Shah, along with Ankit Somani who will join the company’s board to further help the startup scale.

Rajan Singh, Founder and CEO, ConceptOwl, said, “Although online courses do exist, students mostly find learning in a classroom setting more comfortable. It is understandable as it is difficult to not get distracted by other functions of a digital device at such a tender age. It is here that ConceptOwl steps into the picture. We deliver quality education to students through a team of trained instructors and a vault of engaging video content at extremely affordable prices.”

Ankit Somani, Lead Investor at IAN, added, “On one hand, there are multiple coaching centres in India that follow the traditional in-classroom style of teaching. On the other hand, there are edtech teaching platforms that impart self-paced learning entirely through the digital medium. ConceptOwl combines the best of both worlds. It is this innovative model which assures us of the merit of our investment. We eagerly look forward to helping this high-potential startup to transform the Indian coaching landscape for the better.”

“We are thankful for the support we have received from IAN. We will utilise the investment to further bolster the quality of our current offerings while bringing more vernacular languages into the scope of our services, and to boost our marketing and sales,” Rajan further stated.

Comment
image
Related opportunities
  • Tea and Coffee Chain
    About Us: Belief: “as is sound, so as echo” Mission: “best tea every t..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Express Food Joints / Drive Through
    About Us: Founded in 2017, Yummerica Fries is present in 10+ Cities,..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater MUMBAI Maharashtra
  • Competitive Exam Coaching Institute
    About Us: Do you have high aims? Get connected with Vidyalankar..
    Locations looking for expansion Maharashtra
    Establishment year 1960
    Franchising Launch Date 2010
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Water treatment & purification services
    About Us: do it rite ways! Internally, we keep telling ourselves to..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities