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Schoolguru raises $3M from unnamed investors


Schoolguru, an e-learning company which lets universities launch, run and manage online programs through its platform, has raised a little over $3 million in Series A funding from unnamed high net worth individuals from India and the US.

The Mumbai based company will use the funds for its technology platform and enhance its content library, which it claims has a large number of video lectures created by 1,500 global academicians and professors. It also plans to reach out to 25 universities across states to offer its platform, expecting over 1 million students to enroll; as well as expand internationally, especially in Southeast Asia.

Schoolguru was founded by Shantanu Rooj, Ravi Rangan and Anil Bhat in 2012. It currently claims to serve 12 large Indian government universities, including University of Burdwan, Uttarakhand Open University, Dr. B.R. Ambedkar Open University, to help them manage their online course delivery platforms through a managed mobile technology platform. It states that it covers 170 graduate and postgraduate programs with 150,000 students, covering 9 regional languages.

Other developments in the space include:

– Earlier this week, Educomp Solutions sold its entire stake in Singapore based Wizlearn Technology to V-cube Global Services for an undisclosed amount. Educomp had acquired Wizlearn (previously Asknlearn) for $7 million in 2007 in cash and options at that time and later transferred the stake from Educomp Asia Pacific to Educomp Intelliprop Ventures for $9 million.

– Late last month, Google announced scholarships and IT degrees in partnership with online education platform Udacity and Tata Trusts. The degrees would be for 6-9 months and cost $148 monthly.

– In the same month, Noida based Extramarks Education launched an Android app called Extramarks Smart Study which lets users study for CBSE and ICSE curricula, ranging from pre-primary (kindergarten) and Class 1 to Class 12. The app has validity based (3 days, 1 week, 1 month or 1 year) packages, starting at Rs 75 per day, which means users needn’t pay for the entire syllabus.

– In August, the Oxford University Press (OUP) launched its online English learning and assessment product called Oxford Achievers targeted at school children in Class I-VIII in Hyderabad. 

– In the same month, Times Internet entered into a strategic partnership with Coursera, a massive open online courses (MOOCs) company, to ‘assist Coursera’s growth in India’. It also participated in Coursera’s Series C funding worth $49.5 million. Times Internet will provide operating, strategic and marketing support for Coursera and help Indian students and professionals to find Coursera, and earn certificates from Indian as well as global universities.

– In July, CultureAlley, a language learning platform, raised $6.15 million in a series A round of funding from Tiger Global Management and participation from 500 Startups and KAE Capital.

– In June, language learning platform Duolingo raised funding worth $45 million led by Google Capital and some existing investors. Interestingly, in April last year, Duolingo had added support for Hindi, to help Indians who didn’t know English to learn foreign languages.

– In the same month, E-learning marketplace EduKart raised $1 million from Holostik Group’s United Finsec (family office arm), YouWeCan and 500 Startups. E-learning site Meritnation also raised funding worth Rs 25 crore from InfoEdge. 

– In May, the British Council launched a series of free Massive Open Online Courses (MOOCs) on IELTS and English for teachers and students on the FutureLearn platform. The courses included: Understanding IELTS: Techniques for English Language Tests and Exploring English: Language and Culture.

– In April, LinkedIn acquired Lynda.com in a $1.5 billion in a cash and stock deal.

– Earlier in March, Mumbai-based e-learning startup Embibe.com acquired the student guidance platform 100Marks in a cash plus stock deal. Post acquisition, 100Marks and its team was merged into Embibe.

Our e-learning, education and MOOC coverage here, here and here.

Image Credit: Flickr user Fr Lawrence Lew, O.P.

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