India’s First Education Technology-Specific Funding Platform will provide mentoring, market access and funding by institutional and angel investors to high-potential startups.
Startup investment platform Applyifi.com has partnered with Educomp Solutions Ltd., India’s largest education company, to launch India’s first Ed Tech-specific funding forum.
The Applyifi-Educomp Ed Tech Funding Forum will provide a much-needed platform to identify and support India’s next big Ed Tech startups, by providing funding, mentoring, and unparalleled market access.
“It is critical that we harness the brainpower of entrepreneurs using technology to help solve the most pressing problems facing education in India,” said Shantanu Prakash, Chairman & Managing Director, Educomp Solutions Ltd.
“The Ed Tech funding forum gives us a dynamic platform to identify and help the most deserving startups addressing opportunities in the education sector”. With our access to 1000s of educational institutions, Educomp is in a unique position to help companies take their products & solutions to the market,” Shantanu added.
Applyifi will shortlist high-potential Ed Tech startups using their proprietary 36-point scorecard and assessment report platform, after which shortlisted companies will be invited to attend one of four first round pitch events to be held in Gurgaon, Pune, Chennai and Bangalore.
A team of mentors from Educomp and Applyifi will work with the top candidates to refine their business plan before visiting the Educomp Gurgaon headquarters in March, where they will pitch to a panel consisting of the Educomp leadership team and prominent venture capitalists.
Up to 5 companies will be selected for funding by institutional investors and selected angels. There is no cap to the amount companies may seek- all ranges will be considered.
Prajakt Raut, Co-Founder and CEO of Applyifi said, “Our aim is to go above and beyond to help high-potential startups succeed by providing not only the funding they need, but also the mentorship and market access that will empower them to thrive.” Prajakt added, “Our aim is to become the one-stop shop for the high-potential startups and we will do everything in our power to help these companies succeed.”
To apply, startups can visit edtech.applyifi.com – the application deadline is January 31st 2016.
About Applyifi (www.applyifi.com)
Applyifi is an online platform that converts startup applications into an elegant pitch deck, and provides investors with an in-depth, independent analysis and expert scorecard of the investment-worthiness of each business, based on 36 key metrics. Applyifi’s goal is to enable more startups to raise capital, including those seeking investments through co-investments by institutional investors, senior professionals, alumni groups, HNIs and experienced entrepreneurs.
About Educomp Solutions Ltd. (www.educomp.com)
Educomp Solutions Limited is the largest education company in India and the only company spread across the entire education ecosystem. Over the last 21 years Educomp Group has empowered over 30 million learners and educators across over 65,000 schools to imagine, think and create a better future. From pre-school toddlers to competitive high school exams, from core curriculum subjects at the school level to vocational and employability skills for young adults; Educomp reaches out to the entire education life cycle. Founded in 1994 by first generation entrepreneur Shantanu Prakash, the company today has 23 offices across major states of India, one in Singapore and two in the United States.
Educomp works with India’s largest K12 content library with over 20,000 modules of rich 3D multimedia educational content and has reached out to over six million students across 12000 private schools and 17.5 million students across 35000 government schools. Besides this, in our network are over 270 Little Millennium pre-schools, 45 brick and mortar K12 schools and 63 Test Prep centers.
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