In India, the ed-tech space is booming at present and investors are keen in this space. One of the recent investments in this space is Pune-based ed-tech startup Rubix108 Technologies has raised funding of Rs.6 crore ($1 million) in pre-series A round led by Polaris Fund and Ayush Kankariya, a high net worth individual and financial services expert also took part, said a companys statement.
In 2015, the ed-tech startup was launched by Anmol Chhoriya, Rahul Kankaria, and Manish Harodia. The startup provides an interactive platform for every professional linked with education space including teachers, parents, administrators and merchants, among others. The company plans to use the raised funding to strengthen its hold on customers and expand its services in new markets like Malaysia, Indonesia, Sri Lanka, and the Middle East.
The companys application helps in schooling system management where students, parents, teachers get a daily update of information like fee structure, attendance, progress report, meal plan, timetable, etc.
Harodia said, The funds will be used to prune the product and augurs well for the huge demand we are witnessing from international clients. We aim to treble the customer base this year and increase the top-line ten times. Proactively identifying solutions to make educational institutions more productive is one of our key drivers.
The startup has managed to create a database of over 3,00,000 students along with 10,500 teachers and 600 schools.