Aims to allocate funds towards business growth and strengthening its tech infrastructure
Genext Students, India’s first AI powered O2O education solutions platform has raised $250,000 in a bridge round from undisclosed investors. After having successfully established a one-of-a-kind education ecosystem that brings quality home tutors and proprietary content (online & offline) to the doorstep of parents and students, Genext Students is eyeing its next level of growth post this round of capital infusion. It will leverage the funds raised to fuel its expansion plans in terms of services and markets while also making its tech backbone more robust.
Genext Students enables personalized learning for students and provides real-time progress updates to parents. For the tutors, it is a complete cloud-based tutoring management system. Its services are live in Mumbai, Pune, Bangalore, Hyderabad and Lucknow with 70,000+ hours of tutoring being clocked over the past two years. In addition, it also has over 1.25 million users of its digital study content.
With this round of funding, Genext Students will look to bolster its existing services & strengthen its market presence. In terms of tech integration, it will expand the role of AI and other tech tools that will be useful for tutors to deliver much better & measured learning outcomes.
Commenting on the capital raised, Ali Asgar Kagzi, Co-founder, Genext Students said, ‘At-home’ tutoring is picking up pace in India with an increasing number of young parents seeking after-school support for their kids. Currently available options are largely passive in nature with no active involvement of the tutor. Hence, an assisted learning platform like ours offers a proposition that benefits parents, students and tutors equally. Thanks to our strong business model and our robust growth of over 400% last year,we have managed to win the trust of our investors. With the fresh funds thus raised, we are looking to further bolster our growth aggressively.”
Genext Students has raised $790K in its previous rounds through crowdfunding platform 1Crowd and a clutch of HNIs.
Genext Students caters to the students of CBSE, ICSE, International and State Boards. Conceptualized by the cousin-duo Ali Asgar Kagzi and Asad Daud, it bridges the existing discovery, connection and delivery gap in the K-12 education system. Over the years, it has successfully created strategic partnerships with renowned companies like OLA, Samsung, Intel, IBM, Vodafone-Idea, Airtel, PVR, etc.
Source: BW Disrupt