startup funding

Edtech Startup LetzConnect Raises Pre-Series A Funds from SucSEED Venture, Obopay Mobile

0
education e1530854965898

LetzConnect state of the art platform enables users to communicate, showcase, learn and share within the ecosystem, has raised undisclosed amount in its Pre-Series A Fund-raise round was led by SucSEED Venture Partners and co-led by Obopay Mobile technologies & Japanese Investor Syndicate.

Praveen Ganesh, Founder of Letz Connect Technologies says, “Our aim is to provide academic support to students and help them improve their chance of employment by making them more employable. The first step for us is to get the student with us, which we do by providing them reading material and connecting them with a network. Once that happens, our AI enabled platform tries to understand a student’s choice, likes and dislikes and needs, to provide him/her contents and courses accordingly.”

Praveen further adds that “SucSEED has helped LetzConnect build the network of Industry experts who will be helping in building the right strategies from the market perspective. As part of the AICTE rollout, LetzConnect is presently being integrated across all technical institutions in the country. This round is very useful for the various scaling efforts and in building a sophisticated AI block within our ecosystem.

Advertisements


LetzConnect is an educational networking portal that offers ‘knowledge connectivity’ to students and faculty. It is a unique and collaborative platform, which empowers the youth by bringing them closer. LetzConnect helps students enhance their knowledge base and interact effectively with their faculties and fellow students. In addition, the inbuilt AI (Artificial intelligence) helps the students to realize their core potential, explore real-world opportunities and enrich their career as a whole.

Speaking on why SucSEED has invested in LetzConnect, Sai Sundaram, an Active Investor, with SucSEED, said “The need of the hour is to improve the employability of our youth studying in our institutes and leverage technology to enable them to meet both their potential and aspirations. LetzConnect through their platform enables students, faculty to collaborate and learn across institutional boundaries and gain knowledge, and access to opportunities. We are excited by the potential of LetzConnect and its vision and look to work closely with them to achieve upcoming milestones.”

SucSEED has been investing in Fintech, Edtech, Real-estate Technology, HR Tech & Expert Network, Enterprise SAAS, Analytics space primarily, but also open to support in other areas. SucSEED facilitates & raise seed funding through Angel investments and provide support towards Venture Capital to such entities and teams. SucSEED has earlier invested in OckyPocky, XploraBox, and SRJNA. With investment in LetzConnect, SucSEED completes the lifecycle from K-12, STEAM to College for the Edtech Sector and beyond.

Ajay Kalhan, an Active Investor, with SucSEED, said “Besides connecting students, faculty and providers with the content relevant to students, LetzConnect with their AI based platform allow organizations to connect, train and hire students as part of their social responsibility program. This in turn provides employment and future to the students in much need of help and that to SucSEED is the biggest game changer for any platform”.

Vikrant Varshney, Cofounder & Managing Partner of SucSEED, said “With LetzConnect investment SucSEED now has a full range of investments in Education Sector starting from KinderGarten to K-12 to College. This gives us unique opportunity to help fester collaborations between the start-ups like OckyPocky, XploraBox, SRJNA and LetzConnect to create a unique value proposition for the Edtech Sector”

Like this content? Sign up for our daily newsletter to get latest updates.

Advertisements


Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

Entrepreneurs master Financial Intelligence at iB Hubs Startup School

Previous article

CoWrks Foundry and Yale Institute Launch Health Accelerator Program; Cohort 6 Startups

Next article

Comments

Comments are closed.