Delhi based edTech firm, XPrep, has raised an undisclosed amount of funding from Netherland based venture fund Rising Stars. The round also saw participation from seasoned entrepreneurs and investors Manish Amin, Pallav Pandey, Chavi Jafa and a clutch of other angels, said company.
The company will be using the capital to strengthen technology, expand product offerings and fill up key positions in the team. The firm is also in advanced talks for a follow-on round of capital and is looking forward to closing it soon.
A brainchild of IIT Roorkee alumnus Mukul Rustagi and NSIT alumnus Bhaswat Agarwal, XPrep fills the gap between the tutor-parent community by ensuring a continual and seamless engagement within the ecosystem.
XPrep, a mobile-first platform, is used by tuition centers and coaching institutes to conduct all their pre and post-classroom engagement activities with the kids and their parents on a continuous basis. XPrep further makes tutors' lives easier by making daily tasks like information dissemination, assessment conductance and class notifications automatic on the app. This allows tutors to cut time on ancillary activities and boost their classroom teaching time in exchange. Tutors also leverage the platform to personalise learning curves of kids within a batch using advanced reporting and analytics.
The company was started in late 2015 and experimented with a couple of models to find a solid product-market fit and launched the current product in Nov'16. Since then, it has amassed over 200 institutes across Delhi-NCR encompassing over 15,000 students within them as its paid customers. It is also a part of Facebook's prestigious FBStart programme.