Online training platform KopyKitab will get induced with a lift of contemporary funds from new funding spherical.
Bengaluru-based ed-tech startup KopyKitab has raised an undisclosed funding amount from a clutch of institutional and angel investors. The investors embody the likes of Pacatolus (Singapore), Stanford Angels (led by Paula Mariwala), and different angel investors comparable to Praveen Gandhi, Jeenendra Bhandari, Mohit Dubey, and Manoj Mehta. This startup will use this fundraise to additional enhance its know-how platform and enlarge its scope throughout the ecosystem. It provides personalised and digital learning for greater training and aggressive exams.
KopyKitab, based in 2014 by Sumeet Verma and Amit Shrivastava, earlier raised $2 million from CBA Capital, Pacatolus and different angel investors. The startup claims to have a person base of over 4.5 million with 6 million app downloads.
KopyKitab CEO and co-founder Sumeet Verma mentioned to yourstory, “There are 40,000 institutes in India with 60 percent plus gap in quality faculty and curated content in a highly scattered market. KopyKitab has witnessed a massive growth, with changing consumer behaviour due to the pandemic, and 68 percent of the traffic coming from Tier II and Tier III towns validates our business model. Our aim is to address the underserved market of higher education.”
Angel investor Praveen Gandhi mentioned to yourstory, “We believe in the model of KopyKitab and that’s why we have backed the team from their early days. Unlike other edtech players, KopyKitab focuses on demands from the students’ side and works to give them what they need to further excel in their studies and outcomes. That makes them very student centric platform.”
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