Learnpedia, the Hyderabad based digitalized content provider for engineering test preparations has secured an undisclosed sum of investment from Ixora Ventures and a consortium of prominent angel investors.
Learnpedia, founded in 2012 by serial entrepreneur Krishna Rao Akula, aims at narrowing the learning gap faced by students by providing high quality learning aids and test analytics across digital platforms: DVD and on branded tablets. Its flagship product, JEE Studymate, launched last year, has received praise from students and teachers alike.
“With the creation of a common national test for admission into engineering colleges across the country, it is estimated that over 2.8million students would require Learnpedia’s services. We aim to use the funds to improve content and add additional products to our offerings portfolio”, says Krishna Rao Akula
“Quality of content, strength in distribution, aggressive expansion plans and capabilities of the management team: Learnpedia has all the key ingredients to succeed in the unstructured test prep market in India” stated Nikhil Mulchandani, Partner at Ixora Ventures.
At present, Learnpedia employs a team of over 35 full-time professionals, including IIT alumni, and has partnered with over 70 teachers and student wizards who are on hand to respond to users’ questions and queries submitted within 24 hours. The company has already secured over 3,500 orders and is foreseeing an accelerated demand for its product as the year progresses.
Learnpedia aims to utilize the funds raised towards improving content, ramping up sales activities as well as adding new products to their current portfolio.