EdTech Startup GuruQ Raises ₹ 2.5 Cr From HNIs in Pre-Series A Funding

Faridabad/Delhi-based EdTech startup, GuruQ has secured a further ₹ 2.5 Cr ($330,000) round of funding from a group of high networth individuals (HNIs). The company will use these funds for expansion, and marketing of the company.

The startup had earlier raised an undisclosed amount in seed funding in April last year.

Founded in January 2017, by Boston University alumnus Milan Anand, GuruQ is a single, simplified and cohesive EdTech platform that provides online, and offline tutoring based on global quality parameters. The company was founded by Minal Anand in 2016.

Recently GuruQ, upgraded its platform with several innovative features to further ease the tutor finding process adding options like ‘Find the Right Tutor’ & ‘Post Your Tuition Need’, ‘Group Class’, ‘Customized packages’ for students and a user-friendly ‘Scheduler’ for tutors. Another new feature on the platform is ‘Instant Class’ that can be used when students have queries or doubts and need a quick class. This option allows students to book an instant class with their current tutor to be held within the next 6 hours.

The Pre-Series A funding will see GuruQ expanding its operations in Punjab and Haryana. It will offer services in the cities of Ambala, Rohtak, Karnal, Meerut, Hisar, Ludhiana, Amritsar, Jalandhar and Chandigarh. The company’s research indicates that these areas have a wide gap between a good teacher-student connect. GuruQ teams are presently scouting these states to recruit teachers and knowledge experts for the platform.

According to Ms. Minal Anand, CEO and Founder, GuruQ, “We are delighted to have investors that understand and believe in our vision and passion. This funding is a significant milestone in allowing us to expand the business, strengthen development and create value in the market with new features. We will continue to innovate not just how our students access their tutors but also how they assimilate the learning. And our focus will always be to assure our students to get the highest quality, along with reliability & accountability.”
About GuruQ

GuruQ is India’s best digital platform that connects students and tutors to address the huge need gap of quality tutoring in India. Founded by Ms. Minal Anand, an enterprising young Finance major from Boston University, GuruQ aims to address the need for a single, simplified & cohesive edtech platform that provides online, and offline tutoring based on global quality parameters. Designed based on insights drawn from comprehensive consumer research to address the need-gap for quality tutors, the platform has been set up with a dual functionality. It helps to empower the tutoring community while also meeting the objectives of students and parents.

Last month, India's largest education technology company Byju's had raised whopping $100 million in a funding from General Atlantic India at valuation of $2 billion.

In the same month, Jaipur based SRJNA a brand of Elation Edtech Pvt. Ltd., had raised undisclosed amount in funding from US-based impact investor Gray Matters Capital under its edLABS< initiative.

~ Via Business Wire India feed

Delhi based Digital Integrated Tutor-Student Connect Platform GuruQ Raises Seed Funding

GuruQ, a one of its kind digital integrated platform connecting tutors and students based in Delhi-NCR,has raised an undisclosed amount in seed funding from High Net Worth Individuals or HNIs.

Founded by Minal Anand, an enterprising young Finance major from Boston University, GuruQ aims to address the need for a single, simplified & cohesive ed-tech platform that provides online and offline tutoring.

GuruQ is designed based on insights drawn from comprehensive consumer research to address the need-gap for quality tutors. The platform has been set up with a dual functionality, that is, to empowerthe tutor communitywhile also meeting the objectives ofstudents and parents.

For tutors GuruQ works as a one of its kind digital platform where they can connect and teach students, gain recognition, manage time efficiently and increase earnings. Students and parents on the other hand can use the platform to scout for tutors in their locality and make an informed choice on the basis of past reviews and ratings. They can pick reliable ‘GuruQ Certified’ tutor options for primary, secondary, higher secondary and undergraduate courses. GuruQ also helps them manage timetables and assess progress.

Speaking about the seed capital Minal Anand Founder and CEO, GuruQ said, “This capital gives us additional resources to support our debut in the Delhi-NCR region. Based on this pilot run, we will also use the funds to accelerate our technology and product development and boost our marketing efforts not only in Delhi-NCR but also in other parts of the country especially Tier2/3 cities where a pressing need for quality educators exists. Our expansion plans are very exciting for our investors as they foresee a huge potential for our business model.  We are all geared up to kick off a year of growth for GuruQ and its associates."

With over 260 million enrolments in K-12 and 12 million job seekers who require critical working skills every year, the need for quality education in India is palpable, adds Minal.

GuruQ aims to achieve a database of 20,000 registered tutors within the first quarter. It has already empanelled academicians from reputed institutes as its Advisory Board members who will also help mentor tutors.

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