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AI-Based Edtech Startup Verzeo Secures $5 Mn From HNIs

The Bengaluru-based education tech startup, Verzeo has now raised an amount of Rs 36 crores in series A funding.

The startup is going to use this fund for research and development, marketing, and expansion of its product.

Earlier, the startup raised an undisclosed amount of seed funding in the month of April this year.

The startup was founded by Vungarala V Subrahmanyam, who is a 20-year old, Manipal Institute of Technology dropout in the year 2017. The startup leverages AI to provide a technology platform that offers various training courses, conducts hackathons, provides internships, and placement opportunities for students.

The startup has more than 14,500 certified graduates, along with more than 43 mentors with over 60 courses on its platform.

Some of the programmes which are provided by the company include Artificial Intelligence, Azure Cloud Computing, Blockchain Technology, Cyber Security, Web Development, Machine learning with Python, Augmented Reality, Virtual Reality, Technology-based programs, share Point, Power PI, Selenium, DLSI and 50 stimulating courses in collaboration with Microsoft Corporation as their authorised education partner.

Indian education industry is expected to reach $100 billion by the end of the year 2019, making it a lucrative industry. India already has the second largest e-learning market in the world, only behind the US. With an additional boost in the education sector by the government, the industry is helping the Indian youth to access quality education at affordable prices in remote areas.

Picture Credits: Verzeo

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