Gradeup, an edtech startup in India that operates an exam preparation platform for undergraduate and postgraduate level courses, has raised $7 million from Times Internet as it looks to expand its business in the country.
Times Internet, a conglomerate in India, invested $7 million in Series A and $3 million in Seed financing rounds of the four-year-old Noida-based startup, it said.
While those functionalities continue to be available on the platform, Gradeup has expanded to offer online courses from teachers to help students prepare for exams in last one year, he said.
These have primarily been served offline, where the challenge is maintaining high quality while expanding access,” said Satyan Gajwani, Vice Chairman of Times Internet.
Today, the next wave is online live courses like Gradeup, with teacher-student interactivity, personalisation, and adaptive learning strategies, deliver high-quality solutions that scale, which is particularly valuable in semi-urban and rural markets,” said Times Internet’s Gajwani.
“Students even in smaller cities and towns are paying a hefty amount of fee and are unable to get access to high-quality teachers,” Bhatnagar said.