Edtech startup XPrep has raised an undisclosed amount of funding led by Netherland-based venture fund Rising Stars.
The Delhi-based tutor-enabled startup also saw participation from Manish Amin, Pallav Pandey (Co-founder Knowlarity, Broex), Chavi Jafa (Head-Business Solutions, S. Asia, Visa) and a clutch of other angel investors.
The startup will deploy the funds to strengthen technology, expand product offerings and fill up key positions in the team.
Founded in September 2015 by IIT Roorkee alumnus Mukul Rustagi and Netaji Subhas Institute of Technology (NSIT) alumnus Bhaswat Agarwal, XPrep fills the gap between the tutor-parent community by ensuring a continual and seamless engagement within the ecosystem.
This is a mobile-first platform used by tuition centers and coaching institutes to conduct all their pre and-post-classroom engagement activities with the kids and their parents on a continuous basis.
Tutors also leverages the platform to personalize learning curves of kids within a batch using advanced reporting and analytics.
“Over the past decades, instead of making the lives of tutors drastically easier and boost their profession, technology has tried to replace them. We believe that to be a very unlikely proposition in a country like India, where the education system is competitive and tutors are revered, empowering tutors has to be the way forward,” said Mukul Rustagi, CEO, XPrep, reports ET.
XPrep has amassed 200+ institutes across Delhi-NCR encompassing over 15,000 students within them as its paid customers.
Last year, Xprep was selected for Facebook’s FbStart Programme, which is designed to help early-stage mobile-focused startups build and grow their apps.
Under the FbStart programme, the company had received $40,000 worth of credits and services from Facebook and its partners like AWS, Dropbox,MailChimp and Adobe.
According to a joint report by Google and consultancy firm KPMG, India’s online education industry is expected to grow almost eight times to hit $1.96 billion by 2021, with the number of paid users rising six-fold from 1.6 million now to 9.6 million.