Eduncle Sees Participation From Mumbai Angels Network In $750K Round
Eduncle will be utilising the freshly infused capital to achieve its expansion objectives and to develop new product for additional exams, commence live classes, and bolster its tech infrastructure.
Mumbai Angels Network, a premium platform for early-stage investments along with other investors, participates in a USD 750k round for Eduncle, an online learning platform for IIT JAM, UGC NET and CSIR NET. Eduncle will be utilising the freshly infused capital to achieve its expansion objectives and to develop new product for additional exams, commence live classes, and bolster its tech infrastructure. The platform also plans on augmenting its doubt-solving features with the integration of AI and ML.
Dr Arpit Pareek, Co-Founder, and COO of Eduncle, said, “Eduncle was founded with the aim of providing easier access to quality learning for every student aspirant in India. Our holistic approach to learning solutions makes Eduncle a one-of-a-kind platform in the league of Ed-tech apps, and it is highly scalable as well. Our platform provides learners with end-to-end test preparation and guidance for higher education with multiple features such as live classes, video lectures, printed material, automated doubt solutions, and test series combined with personalized one-on-one mentorship sessions. We are elated to have marquee investors backing us in our growth journey. The capital will allow us to enhance our offerings and scale further.”
The online learning platform for higher education, Eduncle, operates with the vision of providing holistic learning solutions to every student in the country. In terms of traction for IIT JAM, UGC-NET, and CSIR-NET, Eduncle is the #1 platform, having achieved 4000+ selections in NET and JAM exams with more than 200 students in the top 100 AIR. Eduncle has achieved over INR 27 Cr. in revenue and has over 45,000+ paid subscribers as of now. With more than 7.3 Crore visitors and 33 Lac+ registered learners, Eduncle is an ever-growing organization. The company currently has nearly 150 employees, 5 top faculties, and more than 500 tutors working diligently 24*7 to accomplish its mission of making quality learning accessible to all.
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