RNM E-Services Pvt Ltd which is a Gurgaon based educational innovative digital platform which owns iChamp, has now secured an undisclosed amount of funding in the funding round of Pre-Series A round led by the Ariana Investment Management CEO, Raju Shukla.
The startup will use the fresh funds in the technology upgradation, expand its product offerings and to even diversify into more classes and subjects across the various curriculum in the coming months.
iChamp has also earlier secured the undisclosed amount of seed funding last year in November. It was led by the Mohit Agarwal and Anuj Agarwal, the founders of the Adda52.com, which is the India largest poker online platform.
Speaking about the funding, Mohit Bansal, Founder, iChamp said, “Even though the quality of teaching has improved in private schools across India, kids still have a fear of Mathematics. There is a clear lack of motivation among kids, which leads to a lack of practice. Solving this problem of self-motivation is the key to better learning outcomes. iChamp uses elements of gamification like real-time challenges, rewards, competition, fun and social engagement to motivate a child to practice more.”
“We are extremely happy with the funding this venture has received. In the coming months we are looking to aggressively expand our user base and improve retention, through features like Live Tournaments and AI enabled adaptive tests,” he said.
iChamp is a unique platform for the students to practice and solve the English and Mathematics problems in a fun and interactive way. It is the India only truth gamified education solution, integrating some of the key features of gamification which includes the rewards, recognition, fun, and competition.