Bangalore-based Edu-Tech startup SuperProfs.com has secured Rs 18 crore (about $3 million) in its Series A round of funding from Kalaari Capital and IDG Ventures India reports VCCircle. SuperProfs is an online platform that connects students preparing for various competitive exams with professors.
The funds will be used by startup to invest in R&D and mobile technology, as well as to expand product offerings and study material, add more courses to its platform, in addition to expanding operations across India.
Earlier in September 2012, the startups raised an undisclosed amount in funding from Indian Angel Network.
SuperProfs is operated by its parent company Aurus Network Pvt Ltd which was founded in 2010 by IIT Kanpur alumni Piyush Agrawal and Sujeet Kumar. The online startup connects best professors to students through its platform and make classrooms more accessible, opening up more learning possibilities for students and wider reach for professors.
SuperProfs, which claims over 25,000 registered users and 100 professors, partners with top professors from across India and broadcasts their live courses online by live transmission of HD quality videos at low bandwidth. Students can compare teachers based on teaching methodology, verified ratings and reviews. SuperProfs.com has partnered with professors from Delhi, Bangalore, Hyderabad and Mumbai for various competitive exams like CA, CS, CMA and GATE.
"Besides tier 1 cities, we are increasingly witnessing a significant number of students from tier 2 and 3 towns, who earlier could not prepare well for such exams due to a lack of good teachers in their city, adopting online exam preparation at SuperProfs.com. We are happy to have Kalaari and IDG as our partners in our mission to make quality education accessible to the masses," said Agrawal, co-founder of Aurus Networks.
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