Edtech Startup Winuall Raises INR 14.7 Crore ($2 Million) to Digitise Coaching Institutes
| Winuall, an online education platform that helps coaching institutes go digital, announced that it has raised INR 14.7 crore from Prime Venture Partners, BEENEXT, Ramakant Sharma (founder of LivSpace) and other angel investors. WinUall aims to democratise technology infrastructure for offline small and medium institutes and digitise the whole learning experience for students with online study material, assessments and live classes. The startup will use the fresh capital to enhance product capabilities and hire across technology, product, AI and business development teams. Winuall is planning to add more than 20,000 coaching institutes and serve more than three million students across India cities by the end of 2021.
Founded in 2019, Winuall offers a SaaS plug and play platform on a subscription model for tutors and coaching institutes. Private tutors small and medium coaching institutes are mostly run by individuals or a small group of tutors who are generally not tech-savvy. Winuall enables these tutors and coaching institutes to become fully digitized by providing tools like class scheduling, batch management, attendance, live classes, online quizzes, AI-based recommendations, online courses, building online platforms etc. Apart from managing their day-to-day activities, the tutors also get an opportunity to sell their courses across the globe on the platform and get to collaborate with other tutors. Winuall provides a huge repository of questions and content for tutors that helps them to focus on teaching rather than taking effort on digitising. The company improves learning experience by leveraging AI to understand student learning patterns and accordingly suggests the best possible path for tutors using reinforcement learning. It also provides detailed analysis to tutors and suggests ways to better engage students. For students, Winuall provides “state-of-the-art” analytics of their performance and solutions to enhance it. Students use the app to learn concepts, take quizzes, work on the recommendations provided by the app, and engage with their peers. Founded by Ashwini Purohit, Winuall has on boarded more than 3700 coaching institutes across the country. Over 5000 tutors are already using the platform extensively to teach online, conduct quizzes, solve doubts, and sell their courses. Since the lockdown, the company has seen a massive increase in live class hours and over 50 Million minutes of learning has been delivered on Winuall’s platform. Coaching is a $80 billion industry in India and it is growing at 15% per annum. While self-paced education has witnessed a massive transformation in the last couple of years, the tutoring Industry has not evolved over the past few decades. COVID-19 has accelerated the digital transformation of the tutoring industry forcing individual tutors to adopt technology to increase their reach and teach with more advanced methods. According to a report by Technavio, the online tutoring market size in India has the potential to grow by $132.21 billion during 2020-2024 and about 2.5 million local tutors need to be upgraded technically. Supporting Quotes Ashwini Purohit, CEO, Winuall “We believe digital tools will become an integral part of the learning experience and evolve our education system in a massive way going forward. With the ongoing pandemic, this investment is a testament to how newer trends of online learning will emerge in the times to come. Our aim is to enable tutors in India to go digital and improve the quality of learning for students. We want to empower the tutors & coaching institutes to remain independent by building and retaining their own brand name through our platform.” Shripati Acharya, Managing Partner, Prime Venture Partners “The tutoring market is at a significant inflection point, and there are a lot of tutors who want to manage their own student interactions and develop an independent identity. Winuall is facilitating this by helping tutors & coaching institutes to go digital, providing them with content and performance improvement recommendations using AI. Winuall is backed by an outstanding team with passionate founders who have a deep understanding of the tutoring and education space.” Teruhide Sato, Founder & Managing Partner, BEENEXT “This pandemic has pushed start-ups across the globe to innovate. Edu-tech like many other sectors will play a crucial role in shaping and impacting a more digitally connected future. We are excited to back a passionate team like Winuall, who are looking to transform the educational system in the country. There is tremendous opportunity in the online tutoring market and we look forward to being a part of Winuall’s journey to digitally-empower educators.” About Winuall Winuall is an online education platform that helps coaching institutes go digital providing them with content and performance improvement recommendations using AI. The company provides software as a service platform to tutors on a subscription basis. It also enables tutors to sell their content and services to a broader audience and charge a small transaction fee on that. For more information, please visit: winuall.com |
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