Indian online education industry is projected to reach $1.96 billion by 2021, as per Google and KPMG joint report. In this market, the recent development is that a Mumbai-based ed-tech startup GreyAtom which offers educational programs for data science, machine learning and artificial intelligence has raised $1 million funding from Delhi-based venture capital firm Pravega Ventures.
In 2017, the online education startup GreyAtom was founded by Shweta Doshi, Mitul Thakkar and Mayuresh Shilotri. Besides offering learning programme on their portal, the startup is also building a cloud-based learning platform which is named as Commit.Live to measure metrics like code efficiency, logic, speed, etc.
Thakkar said, We will be pumping in funds in two areas technology and ecosystem. We will further strengthen our ecosystem of quality instructors, hiring partners academia.
He added, "What we want to do is to enable a personalised learning path. We want to create student mapping. How can we create a personalised career path based on your interest, what career options can we suggest."
Rohit Jain, Partner at Pravega Ventures said, Commit.Live balances the adherence to traditional training and mixing best of modern academia. The team at GreyAtom is experienced and fanatic about driving learning outcomes for students and organisations looking to upskill workforce.
The startup portal claims to have more than 297 hiring partners, over 18 instructors, more than 143 mentors associated with them.
In this month, ed-tech startup AEON Learning has raised $3.2 million funding in a Series B round led by MEMG Family Office LLP, Dr.Ranjan Pai, chairman of the Manipal Education and Medical Group. Also, Rubix108 Technologies has raised funding of $1 million in pre-series A round led by Polaris Fund and Ayush Kankariya.