India’s Edutech sector is widely considered as one of the most favorable sectors by the investment community. On Thursday this popular sentiment was once again validated by E-Learning Platform Quizizz as it has become the latest Edutech startup to secure the blessings of high profile VC firms.
Quizizz secured the funding of worth $3 Mn in a round that was led by Nexus Venture Partners. Existing investor Prime Venture Partners and few other angel investors also contributed to the funding round.
Quizizz is an Edutech startup with a difference. Primarily targeted at young kids, this Bengaluru and California based startup makes learning fun by integrating lot of gaming elements. The startup describes this unique way of learning as gamified learning that aims towards making learning more accessible and engaging.; an activity that is otherwise considered to be boring and sober.
Quizizz was founded in 2015 by Ankit Gupta and Deepak Joy Cheenath, both of whom are graduates from the prestigious BITS Pilani institute.
Edutech startups that make learning fun has lot of scope
Most parents would do anything to nurture deep love among kids for education and learning. The obvious way forward for most parents on this front is to combine lot of fun activities with learning. Today catering to this very strong sentiment are quite a few edutech startups that are busy finding ways to make learning less boring and dull affair young children.
The good thing is that investors are also taking keen interest in such startups. Kidovators, Flinto and OckyPocky are among other startups that have managed to raise funds and earned great reviews for making learning more engaging and entertaining activity.
Overall, the sentiments in edutech sector are looking very upbeat. At least the big boys like Unacademy and Byju’s are having a good run as far as funding goes. While Unacademy recently raised $21 Mn, Byju’s is in talks to raise whopping $250 million from SoftBank.