Edtech Startup Edvizo Raises $1 Mn in Pre-Series A Led by Inflection Point Ventures

• Edvizo is an online marketplace to help students to find best and trusted private institutes and helping institutes to ­find the best students through ‘NLCEE - One Nation, One Exam’ model
• Funds raised will be used to enhance the technology stack, acquire more users, strengthening the tech & sales team and expansion to more cities
• IPV announces Edvizo as its 23rd deal for 2021; likely to invest Rs. 155 crore this year across 60 plus startups
• IPV has so far invested Rs. 207 Cr across 77 deals

19th June 2021, Delhi: Bengaluru-based edtech startup Edvizo has raised $1 million in a Pre-Series A led by Inflection Point Ventures, one of the largest angel investment platforms in India.

The funds raised will be used to enhance the technology stack, acquire more users, strengthening the tech & sales team and expansion to more cities. Edvizo has tie-ups with 2,950 institutes, 57,500+ enrolments and 1,20,000+ registered users on their platform.

Ravi Nishant

Edvizo has been a part of Facebook’s Start-up Program in 2019 and was the Winner of IIT Guwahati’s National Level Startup Competition in 2020. Along with this, the startup has received due recognition by Deputy CM of Karnataka and has also been honoured to receive the support by Hon’ble Union Education Minister to carry on its initiatives.

Vinay Bansal, Founder and CEO, Inflection Point Ventures says, “Education is a serious business. Every year parents spend millions of dollars to find excellent schools, coaching institutes and counsellors for their children. Students too continously look for guidance and support, either within their network or seniors. Edvizo has successfully organised a big chunk of this grind by bringing in a systematic and a marketplace approach for selecting the best institutes. This is our second round of investment in Edvizo as we are excited to see the scale they have achieved in the last one year and want to back them for their growth plans."

In the private coaching and tuitions market, students face the central dogma of getting complete and accurate information about any coaching institute in today's misleading branding and advertising era. Edvizo aspires to re-invent India's educational institutions by helping students and parents ­find, compare and enrol in the best and trusted private institutes in their locality and at the same time, helping institutes to find the best students through their standardized testing ‘NLCEE - One Nation, One Exam’ model, the only admission test in India accepted by thousands of coaching classes for giving admission to students. With Edvizo, more than 80,000 students have already participated in this exam. In January 2021, over 1.5L students from 280+ cities registered for the test, to secure the total scholarship prize of Rs. 5 crore

Edvizo rigorously verifies data of all coaching institutes before bringing them on the platform. This is ensured by making personal visits to the institute with all checks & balances before it goes up on Edvizo platform. To gurantee the authenticity of the data and trust among its users, the data is updated every three months, bringing additional options for the users to choose from.

Ravi Nishant, Founder & CEO, Edvizo and a dropout from IIT Guwahati says, "The current fundraise comes at a crucial point in our journey as we are seeing significant traction - both on the students and courses’ providers side. The funds raised will help us grow our capabilities both from tech and business perspective and also enable us to scale exponentially. We are fortunate to have such ambitious, visionary investors on board with us."

More than 9 crore students take help of private coaching and tuitions. With this, the current size of the private coaching industry in India stands at $90 billion with a record growth rate of 35%.

About Edvizo

Launched in March 2018, the Bengaluru-based edtech startup provides students and parents an online marketplace to search, compare and enrol in the best institutes for competitive exam preparation. It enables coaching institutes to get more students through their platform by making them put less effort, time and money on marketing and branding so that they can give their 100% focus on teaching quality only, without worrying about the admissions.

About Inflection Point Ventures

Inflection Point Ventures is a 3800+ strong members angel investing firm that supports new-age entrepreneurs, providing them monetary & experiential capital by connecting them with a diverse group of investors. Believing that ‘Everyone can Grow with Startups’, IPV was started in 2018 and plans to invest INR 155 Cr in 2021 across 60 startups. IPV’s investors’ base is seeing a massive influx of highly accomplished CXOs and HNIs, looking to invest in startups with rational valuation and sustainable business model.

EdTech Platform Edvizo Raises $150K in Seed Funding from Inflection Point Ventures

• $1,50,000 raised in Seed round by Edvizo



• First institutional round closed by Edvizo



• Edvizo marks 8th investment by IPV in the last 60 days



• IPV emerges as one of the most active angel platform in India continuing with deals even during the pandemic



• Funds raised to be used to strengthen the technical & sales team, along with acquiring more users and expanding to more cities


• Edvizo has associated with 2650 institutes and have 50,000 registration on their platform

Bangalore-based Edvizo, an early stage ed-tech startup, has raised over $150k in seed round from Inflection Point Ventures. The Company has raised their first institutional investment while IPV has closed their 8th investment in the last 60 days, since the Corona Virus outbreak started. 

IPV has been investing in startups in sectors like health tech, ed tech, delivery, social distancing tech to help companies working in these areas scale up and eventually create a large scale impact for helping people in managing the COVID situation. 

Vinay Bansal, Co-founder  CEO, IPV, says, “Most ed tech startups are going after the school, universities or directly to students kind of a market. But the coaching institute market is an untapped opportunity which Edvizo seems to be capitalising quite well. Their understanding of the market, pain points faced by the coaching institutes and application of tech in solving those issues has put them in the market very well. We are happy to back a very unique, an already profitable business model, being run by a passionate founding team. We look to support the business in its growth journey.”

Edvizo acts as an online marketplace to search, compare and enrol in the best institutes for competitive exam preparation. It enables coaching institutes to get more students through their platform thereby  helping them reduce their expenses on marketing and branding and invest more in acquiring top teaching talent. Edvizo has associated with 2650 institutes already, along with over 50,000 registrations on their platform.  Edvizo intends to utilize these funds to strengthen the technical & sales team, along with acquiring more users and expanding to more cities. 

Ravi Nishant, Founder & CEO, Edvizo says,“We are excited to work with IPV to continue building and rolling out our ed-tech platform at another level. Since the education sector is undergoing an enormous transformation due to the COVID-19 lockdown, most of the institutes are currently facing a lot of difficulties from conducting online classes to getting students for their new session. We are trying to tap into this opportunity.”

Edvizo plans to up its tech prowess to continuously improve data quality which would help them on-board credible institutes. The Company currently has a layered process to filter an institute and bring it on-board. Institutes are onboarded post personal visits and checks & balances, guaranteeing authenticity and building trust among the users. 

In India, more than 71 Million students take help of private coaching and tuitions, pursuing mainstream education system parallelly.  A Google-KPMG report mentions that the current size of private coaching industry in India stands at $40 billion, along with a record growth rate of 35%. Edvizo hopes to tap this potential market with their current and upcoming offerings. 

Edvizo is a Bangalore based startup that aspires to re-invent India's educational institutions via innovative technology and a passion to serve. Edvizo acts as an online marketplace to search, compare and enrol in the best institutes for competitive exam preparation. It enables coaching institutes to get more students through their platform by making them put less efforts, time and money on marketing and branding so that they can give their 100% focus on teaching quality only without worrying about the admissions.

Inflection Point Ventures is an initiative of accomplished CXOs & Angel Investors who firmly believe that ‘Everyone can Grow with Startups’. Started in 2018, IPV has invested more than Rs 100 crore across 35+ startups. IPV’s investors’ base is currently at 1600 seeing a massive influx of highly accomplished CXOs and HNIs who are looking to invest in startups with rational valuation and sustainable business model.