Collpoll

Edtech startup CollPoll secures pre-Series A funding led by Manipal Global Education Services

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Bengaluru-based education technology startup CollPoll has raised an undisclosed amount of funding in a pre-Series A round led by Manipal Global Education Services (MaGE) and a few other anonymous individual investors.

According to a VCCircle report, the startup will use the fresh proceeds towards technology and product development. Besides, it also plans to enter the overseas market such as South Asia and Africa.

Founded in 2013 by Vellore Institute of Technology alumnus Hemant Sahal, CollPoll runs a web and mobile-based platform that aims to bring all stakeholders in the education sector at one common place. It serves as an educational institution’s personalized platform for communication between students, faculty, and administrators.

Manipal University, Hubballi-based KLE Technological University, and Sonipat-based OP Jindal Global University are its major clients.

CollPoll confirmed the reports of funding to Entrackr on Twitter.

In October, last year, it raised a sum of Rs 2 crore ($306,000) in funding led by seed-stage investor Sprout Angels LLP and others. Chenraj Jain, Moloy Kumar Bannerjee, and Pallab Bandyopadhyay were other investors involved in the funding round.

Earlier, it had raised about $295,000 in 2016, in a seed round from over a dozen individual investors.

Of late, a number of edtech startup have raised capital. Last month Springboard raised $9.5 Mn in its Series A round. In November alone, the edtech space had seen four fundings. For instance, online learning platform Meritnation raised Rs 38 crore from Info Edge. The company also invested Rs 5.66 crore in Delhi-based edtech startup NoPaperForms.

In the same month Delhi-based Leverage Edu, an online platform for higher education, raised an undisclosed amount of financing from a clutch of investors.

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.

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Below is the bank details:

 
Amount: INR 3,19, 000 (After Adding 18% GST and Deducting 2% TDS)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
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