AI-enabled edtech startup Genius Corner has raised Rs 2 crore in its angel funding round from Ranbir Singh, Mahesh Mohta and Lakshmikantan Sundereswaran. Other investors Dipak Varshney and Puneet Garg also participated in the round.
The Noida-based startup will deploy the angel fund towards geographical expansion and ramp up its machine learning programs. Besides, it will create value in the market with some new features.
Launched in 2014 by Vishal Khatter, Dheeraj Khatter, and Samrat Chauhan, Genius Corner provides personalised learning solutions to students with the help of web technology with Artificial Intelligence.
The startup is currently working with leading schools and institutions across India such as SRS International School, G.D Goenka, Springdales School, and Montfort. It claims to have helped more than 50,000 students across the country through its personalised learning programs.
For schools, the startup has as tablet-based personalised learning lab set up specifically for the purpose of assessments, adaptive practice, and remedial sessions.
With some basic tools, it can also turn a school computer lab into the centre for personalised learning and has same arrangements for home-based learning as well.
So far 2018 has been a prolific year for edtech startups as more 20 startups received funding during the period. In September, Byju’s had raised around $100 million over $2 billion valuation. The largest funded edtech startup may attain a $3.5 billion valuation in the coming months.
In July, Unacademy had raised $21 million Series C round led by Sequoia Capital, Nexus Ventures, SAIF Partners. Besides, a slew of startups in this segment recorded small funding rounds.