Education start-up Aurus looks to raise second round of VC funding

Online education solutions start-up Aurus Network is looking to raise second round of venture capital funds of around $3-4 million (Rs 18-24 crore). As per a report by Economic Times online, citing unnamed sources aware of the development, the Bangalore-based company has held discussions with several VC funds including IDG Ventures and Kalaari Capital. The firm offers live online lectures or classroom solutions for students through its partners of teachers and professors.

"With the next round of funding, we are looking at scaling up our offerings for students keen on cracking entrances for IITs, Company Secretary and Indian Administrative Services (IAS)," said Piyush Agrawal, Founder & CEO, Aurus Network. E-mail queries mailed to Agrawal remain unanswered.

Aurus got its first round of funding from Indian Angel Network, which includes HCL Infosystems co-founder Ajai Chowdhry, India Equity Partners vice-president Ashvin Chadha and former CEO Yahoo India R&D Sharad Sharma. These investors are helping the company raise funds in the second round. "We mentor apart from infusing funds in companies that we invest in," mentioned Chowdhary in a statement to Economic Times online.

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