According to an official release on March 15, Bengaluru based home and online tutoring startup FlipClass has raised US$1 million in funding from education content and services provider S Chand and Company Private Limited (S Chand) along with Blume Ventures – an early stage Venture Capital Fund based in Mumbai.
Founded by Vineet Dwivedi, an IIT Kanpur graduate, FlipClass is a technology platform that connects tutors and students to provide effective home, online and mobile tutoring solutions. It also has an inbuilt assessment tool to gauge student learning and provide key inputs that help improve performance. The platform recently launched a doubt clearing mobile app FlipTutor, which uses Whatsapp like interface to provide answers in real-time.
“FlipClass has an active database of 4,000 students and 10,000 tutors and has delivered over 200,000 hours of home and online tuitions. We are very excited to have S Chand invest in our platform. We will also look to integrate their content with our learning tools and provide a more enriching experience to students,” said Dwivedi, founder and CEO, FlipClass.
“S. Chand aspires to lead the knowledge ecosystem and support management teams building disruptive technologies in the educational services and content space. Investing in FlipClass is a step in this direction,” said Gaurav Jhunjhnuwala, director, S. Chand. “At Blume, we are core believers of edtech and its ongoing relevance for years to come. Even with the advent of online solutions, home tuition and tutors continues to be a huge market with innate problems of discovery and selection. This is where we believe FlipClass will play a significant role by aggregating tutors and parents onto a single platform. Equipped with unique tech tools that help parents assess their child’s progress, FlipClass has a high engagement and retention rate,” said Karthik Reddy of Blume Venture Advisors.
The S. Chand Group has been investing in the fast growing edtech space, having completed five transactions since 2014 and created a presence in smart class solutions, tablet-based content delivery, STEM based activity kits, home tutoring and online test preparation. Managed by Jhunjhnuwala (vice chairman) and Himanshu Gupta (joint managing director), the company is a content and service provider in the Indian education sector, publishing around 35 million textbooks and providing smart class and tablet solutions to schools.
FlipClass is the market leader in providing good quality learning through its online and home tuition services. In the thriving private tuition industry in India, FlipClass differentiates itself by providing qualified and passionate teachers to students through a stringent tutor qualifying process along with powerful technology platform using big data analytics.
Founded in 2014, FlipClass.com is India’s largest tutoring marketplace that aims at helping children succeed academically and progress intellectually. The start-up offers home-tuition and online-tuition services from Kindergarten through Class 12, across various education boards, along with tutoring services for competitive exams and foreign languages.Posted in Corporate