Questt, a Gurugram-based homework and assessment app, has raised $6.75 million in a Series A round led by Celesta Capital and Premji Invest.
Existing investors including AET Fund, Titan Capital, First Cheque and MarsShot Ventures, with Chiratae Ventures, have also participated in the fundraise.
According to a press statement, the company plans to utilize the funding for building tech capabilities and to expand its user base.
Founded in December 2020 by Akhil Singh, Mohsin M and Rohit Pande, Questt enables teachers to assign ready-made homework or create homework through the app. The platform offers solutions for teachers such as a question bank for assigning homework tasks and insights and analytics to distinguish right and wrong answers. Additionally, it also provides solutions for students such as gamified homework, practice assigned tasks, and feedback on homework performances.
By leveraging data sciences and tech, Questt aims to build an Education Data Stack that empowers the ecosystem making learning more value-driven and data-rich. The process of assigning homework at Questt takes less than 10 seconds and over 80 per cent of questions are auto evaluated on the app.
Talking about the platform, Co-founder of Questt, Akhil Singh, said in a press statement,
“As our nation recovers from the effects of the pandemic, some changes are imperative. Leveraging AI, we aim to drive real value and empower students and teachers. Regardless of where children are, they must have a meaningful and effective learning experience.”
Akhil further added in his comment, “Going forward, Questt will enable predictive and adaptive learning to help students pre-empt the problems they might face in the future. We work in a way with students that they understand their mistakes and over time our app is able to understand their patterns.”
The company claims that over 40 schools in the country are using its platform and within 50 days of the launch, over 1 million questions have been answered on the platform. With Questt, the homework is assessed and mapped with six parameters, including concepts, cognitive abilities and skills, leading to a more customized insight-driven learning for each learner.
According to a report, with two lakh students and 10,000 teachers on the platform, Questt is looking to expand its user base and tech capabilities with the new fundraise. The company is also planning to hire more experts.
Earlier this year, Questt had raised $1.35 million in a seed funding round led by Chiratae Ventures, AET Fund with the participation from entrepreneurs including Kunal Bahl, Rohit Bansal, Pranay Gupta (Founder of 91 Springboard), Ramakant Sahrama (Live Space), First Cheque, and Razorpay Founders.