Bengaluru-based edtech startup Edvizo has announced that it has raised $1 million in pre-Series A round funding led by Inflection Point Ventures.
“The funding will be used to enhance its technology stack, hiring and for user acquisition & business expansion,” the statement said.
Speaking on the investment in Edvizo, Vinay Bansal, Founder & CEO, Inflection Point Ventures said, “Education is a serious business. Every year parents spend millions of dollars to find excellent schools, coaching institutes, and counselors for their children. Students too continuously look for guidance and support, either within their network or seniors.”
“Advisor has successfully organized 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 year and want to back them for their growth plans,” Bansal added.
Commenting on the fundraise, Ravi Nishant, Founder & CEO, Edvizo said, “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,” he further added.