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2013-05-31

eDreams Edusoft raises $2 m from Inventus Capital Partners

eDreams Edusoft, a Bangalore-based three year-old company into education technology space, has has raised US $2 m in its second round of funding led by Inventus Capital Partners, with participation by existing investors Mumbai Angels. The company will use

eDreams Edusoft, a Bangalore-based three year-old company into education technology space, has has raised US $2 m in its second round of funding led by Inventus Capital Partners, with participation by existing investors Mumbai Angels. The company will use the funds for expansion into newer geographies, it said in a press release.

Rajeev Pathak, Founder and CEO, eDreams Edusoft said, “It has been a satisfying experience to see thousands of kids benefiting through deep personalized learning being imparted through Funtoot across many cities, towns and villages in India. With the support of existing investors- Mumbai Angels and new partner- Inventus, we aim to make significant and positive impact on millions of students by expanding to new geographies rapidly”.

According to Rutvik Doshi, Principal at Inventus Capital Partners “Paying deep individual attention and personalized learning to each child is one of the greatest challenges of modern schooling system; Funtoot is a significant innovation at solving this challenge. We found in eDreams Edusoft a team that can deliver great outcome on this front, and build a high-value enterprise.”

The company’s flagship product – Funtoot is an intelligent, adaptive and personalized digital teacher for students in K-12 education. The product plans to reach to millions of students in next 5 years. The idea behind the invention is to eliminate the learning deficit in each student due to the homogeneous nature of modern classroom teaching/learning that prevails almost everywhere globally, the release added.

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