I-CampusBuddy, a company that provides enterprise resource planning (ERP) software solutions to the education industry, has recently raised $500,000 in a strategic funding round from IppoPay Technologies Private Limited, a Chennai-based fintech platform. With the fresh capital, the startup plans to expand its product suite beyond enterprises and target smaller schools and education institutions.
Arun Solanki founded I-Campusbuddy as a simple and versatile institute management software, ideal for preschools, schools, colleges, universities, training centres and educational institutes. The platform helps institutes integrate disconnected business operations such as student administration, human resources, and financial systems previously handled by disparate legacy systems while satisfying the need for real-time, on-demand information. It offers end-to-end solutions through comprehensive modules, such as CRM, finance, academics, communication, collaboration, productivity, e-learning, assessment and asset management.
I-Campusbuddy also provides access to the right information and functions to all members of the institute community, including administrators, leaders, staff, students and parents. It offers a user-friendly, technologically advanced solution to integrate the institutes’ processes.
Speaking about the fundraising, Founder of I-CampusBuddy, Arun Solanki, said:
Our goal is to make campuses paperless, faceless, cashless by providing academicians and operations team with right information at the right time to reduce repetition and errors, increase productive time for core tasks, and spend less time on operational and administrative concerns. Collaborating with IppoPay will definitely be a step forward in achieving our goal since collection and payments are the most time-consuming areas of operation for any institute. IppoPay’s participation as a strategic investor is greatly appreciated.
The company claims that it is one of the best product suites focused on large educational institutions in the country today, driving fees of over Rs.1000 Cr.
Ramprashanth Ganesan, CSO of IppoPay, added:
We see immense potential in Arun’s business. Moreover, it aligns with our goal to provide a verticalized infrastructure product for the EdTech sector. The education payments space is an area we are actively evaluating and seeking to enhance the capabilities of educational institutions by offering ERP and payment collection services to schools and colleges. We predict that demographics and rising affordability will drive consumption in this sector which has been traditionally very close to the heart of Indian families.
Aligned with IppoPay’s vertical strategy of targeting industries with significant Total Addressable Market (TAM), the company is expanding its offering of custom-made payment solutions for entire industry value chains. One area where this strategy is being implemented is the education vertical, which currently lacks tailored payment solutions. Through investing in I-CampusBuddy, IppoPay aims to establish a robust distribution network for its financial products in schools and colleges, providing diverse stakeholders with products suited to their specific needs.