DUX Education Secures Funding
Malpani Ventures has invested in the seed round of DUX Education.
Dux Education, an education technology company that is making afterschool tuitions online, accessible, and affordable has secured seed funding from Malpani Ventures.
Co-founded by Rohit Jain, Udit Chaturvedi and Manika Tiwari offer a monthly subscription service in the K12 education space.
Rohit Jain commented, "At DUX, our goal is to take engaging and affordable education to every nook and corner of the country. We strongly believe that the role of technology in edtech is to help the mentors to deliver even better. We bring a much more grounded approach to education with our mentor first platform, live and interactive classes with just ten students and our focus on practice." Further stating, "Dr Aniruddha Malpani backing us revitalises everyone in the DUX family to deliver education to everyone. DUX is our retake on online education. With Dr Malpani, we will now create edtech as it should be!"
Currently, 50 per cent of its students are from Tier I & II towns, while 40 per cent of students are from Tier III & IV towns. Final 10 per cent foreign students from Australia, the Middle East, Thailand, UK, US, and Qatar.
This is the fourth investment for Malpani Ventures in the education space, following Bibox Labs, Multibhashi and Habit Strong (formerly Concept Owl).
Dr Aniruddha Malpani commented, "Education is a public good, which is why I believe in funding social impact EdTech startups like DUX. They know that if they focus on purpose, the profits will automatically follow . Their subscription model doesn't lock students in, and this ensures their teachers are on their toes, because they need to continually add value to their students."
The edtech is also in the process of securing partnerships to expand its international markets.
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