Mumbai Angels Network backs edtech startup Eduncle

Edtech startup Eduncle has raised a $1 million round led by Mumbai Angels Network, along with Ah! Ventures, KareKaBa Ventures and others.

According to the Kota-based startup, the funds will be used to achieve its expansion objectives and to develop new products for additional exams, commence live classes, and bolster its tech infrastructure. The platform also plans on augmenting its doubt-solving features with the integration of AI and ML.

Co-founded by Arpit and Amit Pareek, Eduncle provides learners with end-to-end test preparation and guidance for higher education with multiple features such as live classes, video lectures, printed material, automated doubt solutions, and test series combined with personalized one-on-one mentorship sessions.

Eduncle claims to have achieved over Rs28 crore in revenue and has over 46,000 paid subscribers with more than 7.5 Crore visitors, and 34 Lakh registered learners to date.