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2014-03-29

Online education marketplace GradeStack secures funding from Times Internet

Mobile-focused education marketplace GradeStack has raised an undisclosed amount of investment from Times Internet Limited.

Mobile-focused education marketplace GradeStack has raised an undisclosed amount of investment from Times Internet Limited. This is the company’s second round of investment from Times Internet after previously receiving seed funding of Rs 10 lakhs (for 10% stake) while being part of TLabs’ Summer 2013 batch.

 

“Most publishers and large institutes have a huge repository of learning material that has not been used either on web or on mobile. GradeStack takes this content and makes the whole learning experience more engaging by adding elements such as assessments, flashcards, discussions, and connecting students who are taking similar courses,” said Co-Founder and Product Head, Vibhu Bhushan.

 

GradeStack was founded in August 2012 by Vibhu Bhushan, Shobhit Bhatnagar and Sanjeev Kumar. 

 

GradeStack is a mobile-first course store, which aims to make education more social, interactive and readily available. The platform offers more than 30 courses. The company also offers an Android-based app and will soon come up with the iOS version. GradeStack claims it has seen more than four lakh downloads across more than 30 courses over the past eight months.

 

The start-up generates revenues by selling premium courses, while content publishers who wish to use those courses for their own audience pay licence fees. The company also partners with educational publishers to create mobile-friendly courses sold through the marketplace. The start-up mainly competes with qlurn, WizIQ and Attano.

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