Schoolguru Eduserve Pvt Ltd, an academic and technology services organisation, on Wednesday, raised Rs 20 crore in a Series A funding led by high net-worth investors (HNIs) from India and the US.
The investment will be used for enhancement of its technology, the company said in a statement.
Schoolguru was established in 2012 to help universities launch, run and manage Information and communications technology-enabled (ICT) online programmes.
In a statement, the company also said that the new funding will also be used to enhance its content library.
Currently, Schoolguru is covering close to 170 graduation and post graduate programs and services close to 1.5 lakh students covering 9 major regional languages.
The company also services 12 government universities to help manage their online course delivery programmes.
“We have plans to offer services of our platform not only to the ODL (open and distance learning) students but also to the students enrolling for traditional classroom education and with the technology support we would like bring a change in the classroom education in several remote areas of the country,” said Rooj, chief executive officer and co-founder of the company.
Schoolguru will look to partner with nearly 30 Indian universities, targeting over one million students within the next couple of years. The company will also look to expand its operations to universities from regions such as South East Asia and countries in Africa.