Hybrid education technology start-up Genext Students Pvt. Ltd, announces that it has raised $580000 in pre-series A funding from undisclosed investors. Founded by cousin-duo Ali Asgar Kagzi and Asad Daud in 2013, the start-up runs an eponymous tutoring platform combining online, mobile and physical modes, connects parents with home tutors for their children.
The startup plans to use this fund to upgrade technology and further expand its services to new cities like Bangalore, Lucknow, Jaipur, Hyderabad and Chennai.
Ali Asgar Kagzi, co-founder, Genext Students said, “Genext Students is not only an aggregator of tutors but also an ecosystem that benefits parents, students and tutors equally.
In FY 2016-17, we were able to register over 1000% growth with the optimum blend of offline and online personalized learning services. With our fresh round of funds, we aim at expanding our services to more cities across a greater number of geographies and make use of technology in an enhanced manner. With a commendable growth of tutoring sessions witnessed in Mumbai and Pune, Genext Students is on a path of aggressive growth.”
The platform enables personalized learning for students and provides real-time updates on their progress. Its courses cover curricula of national, international and state-level boards. The ed-tech company has also launched content for Hindi medium students.
Genext claims to have 1 million registered users, more than 4,000 ‘tutorpreneurs’, 75% month-on-month repeat customers and completed over 20,000 tutoring sessions in the last year across Pune and Mumbai.
There are a number of startups running into education technology sector. Haygot Education Pvt. Ltd, which runs as Toppr, Nactus India Services Pvt. Ltd, Cuemath and Byju are to name a few. Among these, Byju is the largest funded startup and has recently updated its learning app to offer personalized learning to students across the grades.