E-Learning company iProf Learning Solutions India, has raised Rs 55 crore ($9 million) in Series B funding, in a round led by Daily Mail Group Information (DMGI) on behalf of its education subsidiary, Hobsons. Norwest Venture Partners (NVP) and IDG Ventures India (IDGVI) that invested Rs.22 Crores in Series A in iProf also participated in this round. iProf provides online and offline educational material, tests, education videos etc. To schools the company offer the solution pre-installed on tablets of its choice. It also lets them install the platform on tablets they have already procured on their own. The company plans to use the funds raised to reach out to CBSE schools across the country to pitch its new product, SchoolEra, a fully automated school management platform, that will offer personalised learning solutions for CBSE schools in India and around the world. SchoolEra will help teachers auto generate and auto check assessments, monitor class progress and performance. The platform also automates student’s gradebook and teachers notes. For students, it provides interactive learning experience and gives self assessment tools and questions for unlimited practice. It also provides over 600 hours of animations, 120 hours of video lectures, 80,000+ questions and thousands of digitized notes. iProf is pitching in with the technology platform while McGraw-Hill is contributing the content on the platform. This move could be a foot in the door for the company to offer many of its other services to schools in the future. According to Sanjay Purohit, CEO and Founder of iProf, there are half a million students…
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