Edtech platform Questt has raised $6.75 million in Series A round led by Celesta Capital and Premji Invest. Existing backers such as AET Fund, Titan Capital, First Cheque and MarsShot Ventures have also participated, with Chiratae Ventures increasing its shareholding.
The new round comes just seven months after the Gurugram-based startup bagged $1.35 million in its seed round led by Chiratae Ventures, March this year. The fresh capital will be used in expanding its user base and tech capabilities, said Questt in a statement.
Founded in 2019 by Akhil Singh, Mohsin and Rohit Pande as Realearning.in, an AI-based solution for handwritten answer sheets, the startup pivoted during the pandemic.
With over two lakh students and 10,000 teachers on the platform, Questt is a homework and assessment app, which gamifies homework for students, and generates deep insights into the learning patterns of students.
Currently targeting students in class 1-12, the platform also generates remarkable insights about concepts, cognitive abilities, and difficulty levels which helps create cohorts of students with similar learning abilities and offers post-school learning.
According to Singh, Questt is targeting over 3 million students by March 2022. As of now, the feature is free for all, however, it is likely to go for subscription in the next three to four months to monetise the platform.
While a handful of companies are offering homework and assessment as a feature, there are very few startups which directly compete with Questt.