EdTech Startup Bodhi AI Acquires Kota-based SkoolStream, A Digital Classroom

Ed-tech Start-up Bodhi AI Acquires Skoolstream; Strengthens its Position in Content Offerings and Tech Infrastructure

UIncept accelerated Ed-tech portfolio company Bodhi AI has acquired Kota-based start-up Skoolstream. The acquisition is an initiative to strengthen content offerings, tech infrastructure and to empower teachers and students with personalized learning experience. 

Founded in 2020 by IIT Graduates Parveen Garg, Sahil Jindal, and Umesh Kumar, Skoolstream is an AI based Learning Management System which provides coaching institutes and online teachers a platform that helps take institutes online within minutes. The app has been curated to create test papers, deep analysis of online test paper for both teachers and the students and conduct online classes with help of in-app video conference solution. SkoolStream covers every department or institution when it comes to providing online platform be it creative field or educational.

 

Founded in 2017, Bodhi AI empowers teachers by bringing their coaching online with their brand name and helps them connect with students. The Start-up has already onboarded over 1 lakh plus teachers from India and has started building its presence internationally with a few clients already onboarded from Middle-east countries. 

"The team at Skoolstream already have expertise in the education sector and our collaboration with them will help us become a marketplace for teachers who face issues with delivering standardized content to their students.” said, Prashant Pandey, Founder, and CEO – Bodhi AI.

The Start-up vision is to give every student a teacher of their own to make their learning process more personalized. Bodhi AI is empowering the teachers by developing tech infrastructure, giving a platform to connect to students, and last but not least helping them increase their revenue.

Confident about the acquisition Bodhi AI co-founder and COO, Piyush Agarwal said, “Skoolstream acquisition will add an extra wing to what we are doing. And they as a team will contribute towards our vision of helping every student get a personal teacher.”

By far, Bodhi AI has already created more than 30k white labelled apps for the teachers in association with them, the highest number of white-labelled apps created by any Ed-tech start-up. Global Ed-tech Start-up Awards 2022 Winner Bodhi AI is looking forward to on-board 1 million teachers by the end of this year and providing more than 10 million one-to-one video calls between teachers and students.

Talking about the acquisition, Skoolstream Founder, Parveen Garg said, “This is indeed a moment to cherish because we as a team are equally excited to be a part of Bodhi AI family and looking forward to building innovative products together for the education stakeholders”

About Bodhi AI

Bodhi AI creates quality school and coaching management applications. They offer live classes to educate a large number of students. The start-up portal has got several elements catering an opportunity for teachers to grow their institute online and for students to get their doubts solved one on one. 

The Platform has made it exceptionally feasible for teachers to direct the students separately prompting better selection chances in tests like SSC, Railways, IIT-JEE, NEET, and other important examinations. To know more, please refer: https://www.bodhiai.co.in/

About Skoolstream

It is All-in-one platform that helps to manage the institutes digitally.

To know more, please refer: https://www.skoolstream.com/

About UIncept

UIncept Ed-tech Accelerator is a global entity based in Downtown Gurugram, Delhi NCR, India. Over the past 6 years, UIncept has worked with over 50 companies (mostly Ed-tech) and have supported them to raise funds more than USD 12 Million.  To know more, please refer: www.uincept.com

WaterBridge & Infoedge Invests in Kota-based MedCords, An AI-Enabled Healthcare Startup

Early stage venture fund, WaterBridge Ventures, announced today that it along with Infoedge has invested an undisclosed amount in MedCords, a startup based in Kota, Rajasthan with a technology center in Pune. MedCords is working predominantly in Rural India taking a patient first approach with a vision of making healthcare accessible, affordable and efficient for all by leveraging cutting edge Artificial Intelligence (AI) and Data Science technologies.

The company aims to become the "real time" healthcare decision making tool for citizens, organizations and state governments to eradicate problems and implement efficient healthcare processes. The funds will be used to expand the team, further develop the technology platform and to expand the scope of operations to new geographies.

More than 85% people in India do not have their medical records organized and at one place. 80% people living in villages have to travel 60 kms for the consultation and out-of-pocket expense on healthcare in India is close to 60% of total spends. The founders have seen the healthcare scenario first hand and after extensive research of 3 years across 800 villages of Rajasthan, MP, UP & Bihar and 2 pilots, they began developing MedCords in late 2016 and we went live in May 2017.

MedCords is founded by Nikhil Baheti, Saida Dhanavath & Shreyans Mehta. The startup is currently operational in Kota and Jhalawar districts with a technology center in Pune. They are a digital health partner for the Smart City Kota project and are a recipient of prestigious Bhamashah Technofund funding under Rajasthan Government’s Istart Program.

MedCords’s co-founder Nikhil Baheti, explaining the product said, “MedCords is a cloud-based, ML powered ecosystem that connects and enables various stakeholders of the healthcare ecosystem. The ecosystem facilitates, amongst other things, remote consultations and follow-up consultations with doctors and intelligent digitization of users' medical records and on-demand availability of such records. The venture aims to create IP out of medical data and advanced analytics to create efficient healthcare decision systems for doctors, hospitals and the government.”

Shreyans spoke about the journey and said, “The biggest challenges initially which we faced was that there was no benchmark which we had to follow, most of the people in rural areas either did not have smartphones or they had a very limited know how of how to operate them- but they were in dire need of a solution. So, we had to build a solution which was ultra-simple and addressed to 80% of India’s Population.”

Saida added that “The healthcare ecosystem is extremely fragmented and to stitch it together for the users is an exciting challenge that we wake up to solve every day”.

“The challenge of providing effective health care to India’s rural population is a massive one. We are impressed by the MedCords team’s passion and technology driven approach to solving this problem. We are privileged to partner with Shreyans, Nikhil and Saida on their journey”, said Sarbvir Singh, Managing Partner, WaterBridge Ventures.

In March this year, Waterbridge led ₹3.5 crore funding of Gurgaon-based Doubtnut, a multi lingual online learning platform for students.

Founded in 2016, by investment veterans Manish Kheterpal (ex Providence, Actis, Rho Ventures) and Sarbvir Singh (ex Capital18, Citi), WaterBridge Ventures is an early stage venture fund with a founders first philosophy. The first fund with a corpus of $40M has a portfolio of 15 start-ups and tends to be the first institutional investor backing strong and persistent founders leading technology disruption across sectors. WaterBridge has invested in several market leading companies such as Unacademy, Chalo, ZipLoan, MagicPin, Social Cops and Dataweave.