EdTech startup Winuall has raised INR 17 crore in funding from Dream Incubator, Inflection Point Ventures and Beenext among others.
The startup will use the capital to improve its technology lineup and hire and onboard more tutors. The funds will also be used to hire across technology, product, AI and business development teams. The team will work to build and democratize the technology infrastructure for small and medium-sized institutes and help them digitize their offerings.
Founded in 2019 by Ashwini Purohit and Saurabh Vyas, Winuall provides tutors with tools to grow their business by sharing curated online courses. Purohit’s startup wants to build a platform for tutors to make their work easier by giving them complete freedom to customize their courses.
Over the past six months, the company claims to have seen 100% month-on-month growth, selling over 35,000 courses in the past four months. More than 1,200 lecturers joined the platform.
Winuall aids tutors to engage students more than earlier by giving them quality content for practice, deep analytics, and personalisation to improve students’ performance.
The startup offers a SaaS-based plug-and-play, subscription-based solution for tutors and coaching institutes. With Winuall, tutors and coaching institutions can become fully digitised, with tools like class scheduling, batch management, attendance, live classes, online quizzes, AI-based recommendations, online courses, and more.
The startup aims to reach $100 million in gross merchandise value (GMV) by the end of next year.
Ashwini Purohit, CEO of Winuall, said, “We are at the break-even point and on track to make our marketplace business profitable in the next three months.”
He added, “We are delighted with the massive adoption of our platform across India and are now excited to double down on building the company.”
Winuall has raised $2 million (Rs 14.7 million) in Oct 2020. The funding was led by Prime Venture Partners, BEENEXT, Ramakant Sharma, Founder, Livspace and other angel investors.