[Funding alert] Edtech startup Edukemy raises $2M in pre-Collection A spherical led by Auxano, Falcon5, others

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[Funding alert] Edtech startup Edukemy raises M in pre-Collection A spherical led by Auxano, Falcon5, others



Delhi-NCR-based check prep edtech startup Edukemy raised $2 million in pre–Collection A spherical lead by Auxano, Falcon5, and different angel buyers. These funds shall be used to additional strengthen Edukemy’s place by working in the direction of constructing a check prep platform for a number of aggressive examinations, in addition to to construct the workforce and scale the product.Based in 2020 by Chandrahas Panigrahi, Shabbir A Bashir, and Deb Tripathi, Edukemy created a one-of-a-kind analysis mannequin for non-subjective in addition to subjective aggressive exams. Since December 2020, the startup claims to be gaining nice traction with development of 3x within the content material view by the viewers and doubled the engagement charges in courses by making the educational interactive and efficient. “Our subscriber income is rising quickly, and we goal to succeed in a million paid learners by 2023, and plan to increase into extra verticals,” mentioned the startup.Chandrahas Panigrahi, CEO and Co-founder, Edukemy, mentioned, “We’re thrilled and humbled to welcome like-minded enterprise companions as we develop collectively in our journey of turning into the most effective edtech firm within the authorities aggressive check preparation. Since our inception, our enterprise and presence within the area have grown multifold. The corporate is working in the direction of attaining an ARR of $3 million in income. This 12 months, within the first quarter alone, Edukemy tripled its income base and crossed 10k+ paid learners and plans to scale 4x within the present 12 months.”Commenting on the funding, Manish Mehta, Managing Accomplice- Falcon 5, mentioned, “We had been extraordinarily impressed by Edukemy founders’ imaginative and prescient to disrupt the non-stem check prep sector by technological innovation. Their daring method is strictly what is required to present learners with evaluation-driven pedagogy and personalised studying experiences, and we’re excited to hitch them on their subsequent mission to succeed in out tens of millions of scholars obtain their goals and success in life.”



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