Eduport, one of India’s fastest-growing startups in the educational technology sector, has successfully concluded its latest round of funding, which involved an undisclosed amount from edupreneur-cum-angel investor Dr. Tom M. Joseph. The Europe-based Verso Capital played a significant part in this initiative by connecting the two entities with similar objectives.
According to the company, this strategic infusion of funds will not only reinforce the tech infrastructure required to cater to the expanding base of students across geographies but also significantly improve the learning experience for students from non-English mediums. A remarkable portion of this amount will be utilized towards content creation and curation in multiple languages, a move that will overcome language barriers and provide a more inclusive learning environment.
Founded in 2020 by Ajas Mohammed Jansher (NIT Alumni), Eduport offers NEET, KEAM, CUET, and JEE classes both online and offline to thousands of students. The startup aims to provide world-class education online, in the Vernacular Language, at an affordable cost to all. Students from financially stable families have many options to get high-quality coaching, whereas students from financially struggling families are left without a chance to compete. Eduport founders, who themselves had to go through this struggle and were fortunate to clear the IIT/JEE entrance examinations, felt obligated to give back to society by providing quality coaching at an affordable cost to every student.
Commenting on the funding, Founder of Eduport, Ajas Mohammed Jansher, said:
This investment is a testament to the transformative potential of AI in education. Our goal is to empower students and teachers worldwide with intelligent tools that personalize the learning experience and unlock new possibilities for academic achievement. With the newly secured funds, Eduport plans to strengthen its technology infrastructure and further expand its reach into untapped markets.
Dr. Tom M. Joseph, who sits on advisory and governing councils of numerous universities and professional bodies in and outside the country, seeks immense potential in the online platform to revolutionize entrance education and motivate students from diverse geographical, educational, and financial backgrounds to compete with other students with sound preparation and confidence in exams such as NEET, KEAM, CUET, and JEE.
Dr Joseph expressed his gratitude to Mr. Julien Machot, veteran EdTech investor and founder of Verso Capital, a leading investment firm based out of Luxembourg, for his invaluable guidance throughout this drive. He added:
To make India a superpower in education, we must first address the urban-rural divide and ensure quality education for all rather than just meeting the literacy goals. Indian students have tremendous potential, and with adequate facilities and guidance, we can transform them into a highly competent breed to lead the world on all fronts.
The CEO of Eduport, Akshay Muralidharan, expressed Jansher’s enthusiasm by saying:
We are thrilled to partner with Dr Tom M. Joseph and the advisory firm Verso Capital as we embark on this exciting new chapter.
Through this investment, Dr Tom Joseph has joined the board of Eduport, who is also the New Initiatives Director at Jain University, brings a wealth of experience and expertise to the table, positioning itself as a key player in fostering innovation and driving growth in the startup sector.
