Bangalore-based Edvizo, an early stage ed-tech startup, has raised over $150,000 in a seed round from Inflection Point Ventures (IPV). While the startup raised its first institutional investment, IPV closed its 8th investment in the last 60 days, since the covid-19 outbreak.
Edvizo acts as an online marketplace to search, compare and enrol in the best institutes for preparation of competitive exams. The startup helps coaching institutes cut expenses on marketing, branding and invest more in acquiring top teaching talent.
Edvizo has associated with 2650 institutes, along with over 50,000 registrations on its platform. The startup intends to utilize these funds to strengthen the technical & sales team, besides acquiring more users and expanding to more cities.
The company plans to enhance its tech prowess to improve data quality which would help them on-board credible institutes. The startup currently has a layered process to filter an institute and bring it on-board. Institutes are onboarded post personal visits and checks & balances, guaranteeing authenticity and building trust among the users.
Mr. Chander Sawhney
Partner & Head-Valuation and Biz Modeling
+91 11 40622252