Delhi-headquartered augmented & virtual reality based ed-tech startup Simulanis has raised $500,000 in a pre-Series A round from Education Catalyst Fund, an early-stage education and skilling fund for low-income groups, reported VCCircle.
Founded in 2013 by Raman Talwar, Simulanis initially started out as an e-learning and skills training company that delivered computer-aided design and training services to engineering students. It subsequently branched out to providing simulated work environments to help train corporate professionals as well.
Later in 2015, the startup theb pivoted to a product-based model and started working on augmented reality (AR) and virtual reality (VR) technologies that addressed the pain points in engineering education and industrial training.
Prior to this fresh funding, the startup had raised an undisclosed amount in pre-Series A funding from early-stage investment firm Village Capital and a consortium of investors including India Skills chairman Pawanjit Ahluwalia; Apurva Chamaria, VP and head — corporate marketing, HCL Technologies; and Mridul Upreti, chief executive officer of Segregated Funds Group at Jones Lang LaSalle.
Earlier, yesterday only, we reported that how despite high growth of AR/VR in Indian market, only 5% of AR/VR startups in India got any capital investment.
A couple of months back only, Bengaluru based AR-enabled interactive educational games startup Play Shifu has raised funding of undisclosed amounf in a pre-Series A round led by IDG Ventures and IDFC-Parampara Fund and, in the same month, followed by $500,000 funding of Kalpnik Technologies, which is a virtual reality-driven spiritual startup.
Prior to this, famous West Indies cricketer Chris Gayle had too invested in a Bangalore based AR startup FlippAR.
In October 2017, another VR & AR startup GridRaster has a raised $2 million in seed funding from a group of venture capital firms.
In May 2017, Chymera VR Inc, a virtual reality advertising platform, had secured funding from a clutch of angel investors, including People Group founder and chief executive Anupam Mittal, Airbnb’s global expansion head Varsha Rao, Google executive Surojit Chatterjee, and HHC Holdings chairman Nirav Choksi.