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…
