Tag: Edtech

08
Oct
2020
Posted in technology

Edtech Startup Pesto Tech Raises Funds to Strengthen Presence in Silicon Valley

The company has raised an undisclosed amount of funding from a clutch of angel investors from the Silicon Valley

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2 min read


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Indian edtech startup Pesto tech on Thursday announced that it has raised an undisclosed amount of funding from silicon valley angel investors such as Ryan Hoover of Product Hunt, Anand Chandrasekaran of Stalwart Angel Investor, Ankur Nagpal, founder and CEO, Teachable and Sahil Lavingia, founder and CEO, Gumroad.

The company said it will utilize the fresh capital to strengthen its presence in Silicon Valley as a part of its mission to grow globally.

Founded in 2018 by Ayush Jaiswal, the startup enables Indian software engineers to work remotely for global companies. The company claims that they aim to get Indian software talent borderless by unlocking the potential of remote work.

Till date, Pesto tech has helped 85 per cent of the 100 graduates get placed and the remaining 15 per cent are in the late stages of the interview process. Salary packages of few of these software engineers have been as high as USD 85,000 and the highest salary increment has been 16X leading to a package of USD 82,000.

Pesto grads are hired by leading tech startups including  Highlighter, Snorkel, Human Capital, Remotion, Airmeet, Paypal among others.

Commenting on the recent funding, co-founder and CEO Jaiswal said, “We are excited to welcome some amazing people to the Pesto fam, their advice will be valuable for us as we get into our next phase of growth. As the world goes remotely, our goal is to make sure we make it extremely easy for companies to think about talent acquisition globally from

07
Oct
2020
Posted in technology

Edtech Startup Winuall Raises INR 14.7 Cr From Prime Venture Partners and BEENEXT

The company said it will use the fresh capital to enhance product capabilities and hire across technology, product, AI and business development teams

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3 min read


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Education technology company Winuall on Wednesday said it has raised INR 14.7 crore funding from Prime Venture Partners, BEENEXT, Ramakant Sharma, founder of LivSpace along with a clutch of angel investors.

Founded in 2019 by Ashwini Purohit and Saurabh Vyas, Winuall ties up with small and medium coaching centres to help them digitise the learning experience for their students with online study material, assessments and live classes.

It achieves this by offering institutes and tutors a software-as-a-service (SaaS) plug and play platform on a subscription model. The company provides tutors and institutes tools like class scheduling, batch management, attendance, live classes, online quizzes, AI-based recommendations, online courses, building online platforms etc. Additionally, tutors also get to sell their courses across the globe and collaborate with other tutors via Winuall platform.

“Our aim is to enable tutors in India to go digital and improve the quality of learning for students. We want to empower the tutors & coaching institutes to remain independent by building and retaining their own brand name through our platform,” said CEO Purohit. “With the ongoing pandemic, this investment is a testament to how newer trends of online learning will emerge in the times to come.”

The Bengaluru-headquartered company has so far on boarded over 3,700 coaching institutes and 5,000 tutors across the country. It aims add about 20,000 coaching institutes and serve more than three million students by the end of  2021.

The company said it will use the fresh capital to enhance product

30
Sep
2020
Posted in technology

Edtech Startup Sunstone Eduversity Raises INR 24 Cr In Series A Funding Led by Saama Capital

The Series A funding round was led by early-stage investor Saama Capital along with participation from Ashish Gupta of Helion Advisors, Pankaj Bansal of PeopleStrong and existing investors Prime Venture Partners, Rajul Garg and Purvi Capital

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Edtech startup Sunstone Eduversity has raised INR 24 crore in Series A funding round led by early-stage investor Saama Capital.

The round also saw participation from Ashish Gupta, managing director of Helion Advisors, Pankaj Bansal, co-founder and chief executive officer of PeopleStrong along with existing investors Prime Venture Partners, Rajul Garg and Purvi Capital.

Founded in 2014 by IMT alumni Ashish Munjal and Piyush Nangru, Sunstone Eduversity offers Pay after Placement—program fees paid only upon successful placement with a company—higher education programs in partnership with several colleges and private universities. The company claims to work closely with corporates to develop industry ready specializations, such as BFSI, logistics, sales management and digital marketing.

“Sunstone Eduversity is fixing the problem of large scale skill gaps in students by adopting one simple principle, accountability. By collecting fees only after our students get jobs, we make sure that all the cogs in our system are working towards the success of our students,” said Ashish Munjal, co-founder, Sunstone Eduversity.

The company has so far partnered with eight institutions in six cities and claims to have secured 100 per cent placements for its 2018-20 batch, with some of the prominent recruiters being Axis Bank, HDFC, WNS, Genpact, Amazon, TCS, Karvy, Byjus, Reliance Retail, PolicyBazaar and Swiggy. Further, it generated over 450 internship offers for the batch of 2019-21 even during the pandemic.