Online virtual classroom solution provider Aurus Networks has raised $3 million series A funding from Kalaari Capital and IDG Ventures in India, reports Techcircle. Aurus Networks runs SuperProfs.com an online portal that connects students who are preparing for various competitive exams with professors. Techcircle adds that the funds will be used for adding more courses and expanding across India.
Earlier in 2012, Aurus Networks raised an undisclosed amount from the Indian Angel Network and had also received a grant of $30,000 from Microsoft.
Founded in July 2010 in Bangalore, Aurus Networks offers a cloud based virtual classroom solution which allows users to conduct HD-quality live audio/video interactive classes at low broadband speeds (around 200 kbps speeds). These solutions also offer an on-demand video archive to its users along with a web-based video editing interface, real-time analytics, and integrated testing and performance tracking tools.
Other investments in online education
-Bangalore-based iNurture Education Solutions raised Rs 30 crore from Bertelsmann India Investments. iNurture partners various colleges & universities to offer industry relevant courses across various sectors like Information technology, animation, creative management, graphic design, mobile applications, business analytics and financial services among others.
-In May, school educational services start-up Zaya Learning Labs had raised an undisclosed amount of investment from Pearson Affordable Learning Fund (PALF), an education fund run by UK-based Pearson. Zaya will use the capital for product development.
-Mobile-focused education marketplace GradeStack has raised an undisclosed amount of investment from Times Internet Limited in March. GradeStack partners with educational publishers to create mobile friendly courses with interactive content. It offers these courses through Android apps and the web, with an iOS app releasing by the end of April.
-Careers360 raised an undisclosed amount from five angel investors to to build a education marketplace called myCareers360. This marketplace will apparently be independent from its career counselling platform and will allow students to evaluate, compare and purchase education products and services across various parameters like price, quality and suitability.
Also read: Trends in the online education space in 2014