EdTech Startup CollPoll, which runs a new-age enterprise platform for educational institutions, has raised an undisclosed amount in pre-series A funding round. The funding was led by Manipal Global Education Services along with participation from individual investors.
The company had previously raised about $295,000 in seed round from India and Silicon Valley-based investors including Janakiraman S, co-founder, Mindtree and Dr. Aditya Dev Sood, founder, Startup Tunnel, among others in 2016.
“Manipal Group believes in investing in big ideas which will transform the education landscape globally. Hemant and team have taken their deep learning in India’s education environment and applied it to the problem of modernizing the ecosystem,” said MD and CEO, Manipal Global, S. Vaitheeswaran.
Founded in 2013 by Hemant Sahal and Sanjeev Gupta, CollPoll is every education institution’s personalised platform to empower its students, faculty and administrators share and access information, receive feedback, schedule their day and generally be better informed and coordinated.
India’s education technology is expected to grow multi-fold by 2021 and campus technologies is a fast-growing category within ed-tech.
Despite ed-tech’s bullish growth, it continues to be held back by traditional Enterprise resource planning (ERP) and home-grown systems. CollPoll has transformed closed, transaction-based IT into an open, engagement-based mobile ecosystem for administrators, faculty, and students.
“The rapid customer growth we’ve seen this year and commitment by educational visionaries has put CollPoll in a tremendous position to build an open, connected ecosystem for all education participants,” said CEO, CollPol, Hemant Sahal.
The Bengaluru-based startup will deploy newly raised capital in key technology integrations and expand the portfolio of campus engagement products and services. Besides, the funding will be used to accelerate the momentum the company has achieved since 2013, including, 40,000 paying users at leading Indian universities such as Jindal Global University and KLE Technological University.
The startup runs a web- and mobile-based platform that aims to connect all stakeholders in the education sector. Further, it plans to enter global markets with pilot engagements in South East Asia and West Africa.