Bengaluru-based enterprise platform for educational institutions, CollPoll, on Wednesday announced the close of its pre-series A funding round. Manipal Global Education Services [MaGE] led this funding round with participation from individual investors.
The fresh funding raised will be used by the startup to accelerate the momentum it has achieved since its launch, including, 40,000 paying users at leading Indian universities such as Jindal Global University and KLE Technological University.
CollPoll will also invest in key technology integrations and expand the portfolio of campus engagement products and services.
Earlier in October 2017, the startup has raised seed-funding Rs 2 Crore from India and Silicon Valley based investors including Janakiraman S, co-founder, Mindtree and Dr. Aditya Dev Sood, founder, Startup Tunnel, among others.
Additionally, post this funding the platform will further enter global markets with pilot engagements in South East Asia and West Africa.
Founded in 2013 by Hemant Sahal and Sanjeev Gupta, CollPoll is every education institution’s personalised platform to empower its students, faculty and administrators share and access information, receive feedback, schedule their day and generally be better informed and coordinated.
“Manipal Group believes in investing in big ideas which will transform the education landscape globally. Hemant and team have taken their deep learning in India’s education environment and applied it to the problem of modernizing the ecosystem,” said MD and CEO, Manipal Global, S. Vaitheeswaran.
“The rapid customer growth we’ve seen this year and commitment by educational visionaries has put CollPoll in a tremendous position to build an open, connected ecosystem for all education participants. My own journey of education transformation started with Manipal Global and I am thrilled that CollPoll is partnering with a truly global and mission-oriented education leader,” said CEO, CollPol, Hemant Sahal.
India’s education technology is expected to grow multi-fold by 2021 and campus technologies is a fast growing category within ed-tech.
Despite ed-tech’s bullish growth, it continues to be held back by traditional Enterprise resource planning (ERP) and home-grown systems.
CollPoll has transformed closed, transaction-based IT into an open, engagement-based mobile ecosystem for administrators, faculty, and students.
It supports seamless learning collaboration between students and faculty, collapses information barriers, and provides deep insights to institute’s leadership for decision making to improve both quality and outcomes.
Current EdTech Sector Scene in India
The Ed-Tech sector in India is seeing lot of traction off late, as in recent months number of funding and M&A took place. In November 2017, AEON Learning Private Limited, which is backed by Kris Gopalkrishnan, acquired Acadgild, an online edtech startup, for $10 million in an all stock deal.
In the same month, an another edtech startup Perspectico raised seed funding from Delhi University and Government of Delhi Incubator.
Additionally, AICTE tied-up with Fourth Ambit, a Kerala-based edtech startup, to connect over 10,000 tech insitutes across India through online portals.