Bangalore-based digital learning Ed-Tech startup KopyKitab, a platform offering full-stack solutions for personalized learnings in higher education, has raised an undisclosed amount from ace investors. The company founded by Sumeet Verma and Amit Shrivastava, has raised this fresh round from a clutch of well-known Institutional & angel investors like Pacatolus ( Singapore), Stanford Angels (led by Paula Mariwala), and ace investors like Praveen Gandhi, Jeenendra Bhandari, Mohit Dubey and Manoj Mehta.
As major investments are not going towards customer acquisitions, the funds raised will be used for growing the technology for revolutionising tutorials along with building an ecosystem in the Higher Education vertical. The platform focus & caters to all higher education needs – coursework and competitive exams (with a user base of 5 million and 6 million app downloads with additional presence in 400+ campuses) , has witnessed a growth rate of close to 200% over the last 6-7 months.
Sumeet Verma, CEO & Co-founder, KopyKitab, says “KopyKitab has witnessed a massive growth, with changing consumer behaviours due to the pandemic and with 68% of the traffic coming from Tier II and Tier III towns validates our business model. Our aim is to address the underserved market of higher education. As one size does not fit all, higher education is very regional and run on a push from its. We believe this support from our investors will help strengthen our performance metrics further and reach our target of 10 Million users by the year end.”