EdTech Startup Edvizo, which is an online marketplace to search, compare and enrol in the best institutes for competitive exam preparation, has raised USD 150K in its angel round from ah! Ventures Angel Platform. This is ah! Ventures’ 91st investment (in 72 Startups) taking its total investment portfolio to INR 235 CR (~31 MN USD) with 11 exits and 18 follow on rounds till date. With 28 investments in 2021 till date ah! Ventures plans to do 40+ investments this year totalling to INR 150+ CR (~20MN USD).
According to the official statement, the proceeds will be deployed for enhancing the technology stack, acquiring more users, strengthening the tech and sales team, and expanding to more cities. The startup is looking to hire more than 650 new employees in the next 6 months.
Founded in 2018 by Ravi Nishant, an IIT alumnus, Edvizo enables institutes to onboard more students through its platform by making them put less effort, time, and money into marketing and branding. Edvizo claims to be working with 3,100 institutes, over 73,500 enrolments, and more than 1,40,000 registered users on its platform.
“Despite all the challenges we faced during the early stages of the pandemic, we’ve defied the odds — relying on great teamwork and staying true to our core value [of] positivity. With this fundraise we are excited about the opportunity to work with the vast network of investors at ah! Ventures. This will further accelerate our overall efforts to achieve our vision.”, said Ravi Nishant, Founder, Edvizo.
Before this, Edvizo was a part of Facebook’s startup programme in 2019 and was the winner of IIT Guwahati’s National Level Startup Competition in 2020. It also received due recognition from the Deputy CM of Karnataka and has received support from Hon’ble Union Education Minister of India to carry on its initiatives.
Edvizo conducts the biggest national level common entrance exam “NLCEE” to provide scholarships and to generate enrollments for their partnered institutes and that is the only admission test in India whose results are acceptable by thousands of institutes to take admissions. More than 2 lacs students have already participated in that exam in the last 2 years.
“The ongoing pandemic has put a big spotlight on the edtech sector boosting the growth in the same. Edvizo has seen a constant upward trend in the number of student enrolments as well as institute partnerships. The search and compare tools allow the students to make an informed decision while on the other hand and it additionally helps institutes reduce expenses on marketing and branding making for great partnership. The double targeted approach of Edvizo allows for more revenue streams and scope for growth making this an interesting investment proposition.”, stated Gaurav Karnik, Venture Partner, ah! Ventures.
Know More: Abhijeet Kumar, abhijeet@ahventures.in
About ah! Ventures
ah! Ventures is one of the world’s largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 235 CR (~31 MN USD) in 72 startups and 91 investments and have announced 11 exits and 18 follow on rounds till date.
Contact: Abhijeet Kumar, abhijeet@ahventures.in
