Log2Base2, a Chennai-based education technology startup, recently announced that it has raised INR 1.2 Crore ($150K) in a pre-seed funding round.
Founded in 2019 by Premkumar Ramakrishnan, Log2Base2 is a visual learning platform to learn programming, data structures and algorithms, and prepare for coding interviews. The platform trains college students and working professionals. Their courses are on topics like introduction to programming, advanced pointers, Python, data structures, algorithms, problem solving with DSA, recursion for coding interviews, and time complexity analysis among others. Currently, the company is working on a hiring platform called hirefreshers.com and using this, companies/start-ups can directly pick skilled talent from the Log2Base2 pool.
Speaking about the capital raised, Founder & CEO of Log2Base2, Premkumar Ramakrishnan, said:
“The funds raised would be used to create brand awareness, mainly in the US and other countries. It will be used to introduce new content on full stack development, system design, and object-oriented designs.”
Ramakrishnan also explained that the current EdTech market is driven by live classes and recorded videos, saying
“We are creating a different kind of learning platform with a complete animated visual learning experience. Our USP is animated content in regional languages including Tamil, Telugu, Hindi, Kannada and Bengali.”
The startup claims to have registered 3,58,169 users and around 12,000 paid users from over 60 countries. Around 81% of revenue comes from the Indian market, 11% revenue comes from the US while the remaining 8% comes from Mexico, Saudi Arabia and Bangladesh.
