Edtech startup Arivihan has raised $10.2 million in Collection A funding because it appears to be like to increase its AI-powered learning platform throughout extra state boards and aggressive examinations in India.
Present investors Accel and Prosus Ventures invested $10 million within the spherical, whereas one other $200,000 got here from angel investors related to startup accelerator GSF.
The most recent investment takes Arivihan’s complete funding to greater than $15 million.
The startup stated the brand new capital can be used to increase its geographical attain, introduce extra choices for CBSE college students, strengthen its AI and vernacular-language capabilities, and scale its advertising and marketing and on-ground distribution.
Co-founder and CEO Ritesh Singh Chandel stated Arivihan goals to cowl virtually all state boards by the top of the 12 months, whereas additionally increasing its CBSE providing and deepening its presence in medical entrance examination preparation.
Concentrate on college students past giant cities
Arivihan, led by Ritesh Singh Chandel, Sonu Kumar Prashant and Rushabh Kothari, gives AI-based studying and examination preparation for varsity college students.
The startup initially centered on Hindi-medium Class 12 college students in Madhya Pradesh and has since expanded its choices to college students making ready for state board, CBSE and NEET examinations.
It presently has a presence in states together with Madhya Pradesh, Uttar Pradesh, Rajasthan and Bihar, with a lot of its give attention to college students in smaller cities and rural areas.
The startup’s AI system is designed to personalise classes and follow in response to a pupil’s syllabus and efficiency. Its expertise can reply questions, assess responses, establish weaker areas and advocate follow materials.
Its present app additionally gives options together with interactive classes, doubt assist, mock assessments, personalised follow, and dwell and recorded lessons for some programs.
Arivihan additionally makes use of a low-cost Rs 51 providing to draw college students to the platform. Its present app advertises full syllabus entry for a number of state boards at that value.