Gurgaon-headquartered online learning platform, Career Anna, has raised ₹4 crore (~ US$570,000) in Pre Series A round of funding from a group of angel investors represented by Subinder Khurana, reported VCCircle.
The fresh funding comes with seven months after the startup had raised ₹3 crore structured financing from a group of angel investors in April this year, which was also represented by Subinder Khurana, who is currently a Member of the Board at TiE Delhi, member of NASSCOM Product Council, and was earlier the Chair of TiE Entrepreneurship Nurturing Program.
So far, Career Anna has raised a total of ₹7 crores in funding over two rounds, both of which came this year.
The startup will utilize the freshly raised funds for launching its e-learning programmes in vernacular languages like Tamil, Hindi, Telugu and Kannada and also to develop user engagement tools on the learning platform.
Founded in 2014 by Varun Saxena, Career Anna is a video-driven online learning platform that offers exam preparation and certification courses to help both professionals and students. The startup claims to be the India’s largest learning platform with over 1 million learners for courses of their choice.
It offers courses for exams like XAT, MAT, CMAT, CAT, TISSNET, and others, as well as several certifications courses like Artificial Intelligence, Marketing, Finance, Blockchain, Machine Learning, and Data Science.
A recent study by Google and KPMG predicts that India’s online education market will grow to USD $1.96 billion and around 9.6 million users by 2021. As of 2016, India’s online education market was worth USD $247 million and had around 1.6 million users.
Last week, Bangalore-based e-learning startup Vedantu had raised $11 million in a Series B funding round led by Silicon Valley impact investment firm Omidyar Network.
In March this year, an another Gurgaon-based startup in education space, Doubtnut, had raised ₹3.5 crores in pre-series A round of funding led by WaterBridge Ventures with participation from Omidyar Network.
[Top Image – bwdisrupt.businessworld.in]