Edtech Startup Winuall Raises $2 Million To Digitise Coaching Institutes
Winuall offers a SaaS plug and play platform on a subscription model for tutors and coaching institutes.
Winuall, an online education platform that helps coaching institutes go digital, announced that it has raised INR 14.7 crore from Prime Venture Partners, BEENEXT, Ramakant Sharma (founder of LivSpace) and other angel investors. WinUall aims to democratise technology infrastructure for offline small and medium institutes and digitise the whole learning experience for students with online study material, assessments and live classes. The startup will use the fresh capital to enhance product capabilities and hire across technology, product, AI and business development teams. Winuall is planning to add more than 20,000 coaching institutes and serve more than three million students across India cities by the end of 2021.
Founded in 2019, Winuall offers a SaaS plug and play platform on a subscription model for tutors and coaching institutes. Private tutors/small and medium coaching institutes are mostly run by individuals or a small group of tutors who are generally not tech-savvy. Winuall enables these tutors and coaching institutes to become fully digitized by providing tools like class scheduling, batch management, attendance, live classes, online quizzes, AI-based recommendations, online courses, building online platforms etc. Apart from managing their day-to-day activities, the tutors also get an opportunity to sell their courses across the globe on the platform and get to collaborate with other tutors.
Winuall provides a huge repository of questions and content for tutors that helps them to focus on teaching rather than taking effort on digitising. The company improves learning experience by leveraging AI to understand student learning patterns and accordingly suggests the best possible path for tutors using reinforcement learning. It also provides detailed analysis to tutors and suggests ways to better engage students.
For students, Winuall provides “state-of-the-art” analytics of their performance and solutions to enhance it. Students use the app to learn concepts, take quizzes, work on the recommendations provided by the app, and engage with their peers.
Founded by Ashwini Purohit and Saurabh Vyas, Winuall has onboarded more than 3700 coaching institutes across the country. Over 5000 tutors are already using the platform extensively to teach online, conduct quizzes, solve doubts, and sell their courses. Since the lockdown, the company has seen a massive increase in live class hours and over 50 Million minutes of learning has been delivered on Winuall’s platform.
Coaching is an $80 billion industry in India and it is growing at 15% per annum. While self-paced education has witnessed a massive transformation in the last couple of years, the tutoring industry has not evolved over the past few decades. COVID-19 has accelerated the digital transformation of the tutoring industry forcing individual tutors to adopt technology to increase their reach and teach with more advanced methods. According to a report by Technavio, the online tutoring market size in India has the potential to grow by $132.21 billion during 2020-2024 and about 2.5 million local tutors need to be upgraded technically.
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