EduRaft Pvt Ltd, which runs Eduraft.com has raised $61,000 (Rs 33 lakh) in angel funding from an alumni group from IIM-Kozhikode and Anna University, Chennai, reports techcircle. The company plans to use the funds raised to expand its operations in Bangalore & Delhi and also expand its tuition network.
Started in June 2012 by Aarthi Ramasubramanian, Sharath Loganathan and Thirukumaran Nagarajan, EduRaft provides information of schools, tuition, sports , hobby classes, extracurricular and co-curricular activities and lists over 20,000 schools. Parents can search for schools, tuition, and other related activities on the site by selecting their preferred city. Currently, EduRaft operates in Mumbai, Suburban Mumbai, Navi Mumbai, Thane and Chennai.
Although the site states that it lists extracurricular activities, we couldn’t find any activities when we checked for activities in Navi Mumbai.
Apart from that, EduRaft also offers features such as EduMap, which plots tuition and schools on a map, and a comparison engine, which allows users to compare 2-3 schools on the basis of infrastructure, student teacher ratio, among others.
Monetization: The website monetizes by premium tuition and other classes listing and by providing an assisted school search to parents to find the school based on their criteria.
In general parents enroll their kids to school which is nearer to their house and base their selection on word of mouth by their neighbors or friends. It would be interesting to see whether parents would pay for an assisted school search.
Other developments: Recently, Indiagames founder Vishal Gondal and Walt Disney India chief Ronnie Screwvala have invested an undisclosed amount in Catalog Educational Services Pvt Ltd. run MeraCareerGuide.com. Meracareerguide is an online career counselling platform for students. Students can seek counselling from industry experts and career counselors through the site.
Careers360, a career counselor brand owned by Pathfinder publishing, had launched a new portal at studyabroad.careers360.com for students who want to abroad abroad. The portal answers the how, why, when,where, what for students who want to study abroad.
In July 2012, career360 launched a career counseling portal targeted at engineering college aspirants at engineering.careers360.com. For the Engineering portal the company launched a Mock Counseling Engine, Campus Ambassador Program — which helps students contribute College Reviews and stake holders engage students in Chat Sessions, counseling sessions etc.