Indian Edtech company Edukemy raises $2 mln a Pre-Series A

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team
Published on July 28, 2021

Edukemy is an Indian test preparation EdTech company. Recently, in a Pre-Series A funding round, Edukemy raised $2 million with the participation of investors such as Auxano, Falcon5, etc.

Edukemy will leverage this investment to strengthen its position. The company will undertake staff development, scale up and build the best test preparation platform for several competitive exams at the same time.

Last year, during the pandemic, Edukemy was founded with the aim of creating a new technology platform to support and promote education. Therefore, this Edtech company has achieved the goal by buildi

ng a unique and innovative assessment model for competitive exams.

Since the end of 2020, Edukemy has attracted the attention of a large number of people. By making learning more interactive and effective, Edukemy has seen a 3x increase in content views and a 2x increase in classroom engagement rates.

Edukemy’s subscriber revenue is growing rapidly. As a result, the company expects to reach one million trainees by 2023 and has plans to expand into other industries in the future.

Edukemy CEO and Co-Founder, Chandrahas Panigrahi welcomes cooperation from business partners with the same goals and vision in the development of becoming the best EdTech company.

Since its establishment, Edukemy’s business and presence cannot be denied. The company is trying to achieve an ARR revenue of $3 million.

In the first quarter of 2021, Edukemy’s revenue has tripled, the number of learners is over 10,000 and plans to quadruple its current scale.

Representing Falcon 5, Manish Mehta was impressed by the Edukemy founders’ vision for disrupting the field of test preparation through technological innovation.
Moreover, Falcon 5 will also continue to accompany Edukemy to fulfill the mission of supporting students’ dreams and success.

Their assertiveness and boldness are essential to being able to provide learners with an assessment-oriented approach as well as a personalized learning experience.
In addition, Auxano also believes in collaborating with Edukemy because of its innovative technology solutions that extend and solve the problems faced by evolving education.

Besides, a unique TCE model unprecedented in the EdTech world was launched by Edukemy, where TCE stands for Teaching Methods, Content Experience, and Evaluation & Feedback.

It is the result of user research and also the solution to existing problems.
Powered by an advanced assessment engine and machine learning technology, the ‘Korrecto’ in TCE was created for students to evaluate and respond to.

By Nicholas Say Nicholas Say has been verified by Muck Rack's editorial team

Nicholas Ross Say is a news desk editor at Grit Daily. An award-winning journalist, he covers the daily startup beat. He grew up in Ann Arbor, Michigan and has lived in South America and South East Asia. At present, Nicholas lives in Southern Vietnam where the Sun shines, and the noodles flow like wine. He's written for Blockonomi and Coin Journal, among others.

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