Ednovate, Ed-tech Startup raises fund for growth plans to operate PAN India and globally
- ByStartupStory | May 13, 2022
Ednovate, an educational technology (edtech) company with the vision of innovating the education of commerce students, has received funding from Vinay Jain, Chairman of the Witty Group of Institutions, Ajay Sarupria, a renowned angel investor, and Kaushik Mehta to finance a rapid expansion plan to expand the business.
Speaking on the success of Ednovate latest round of funding, Ashish Shah, CEO said, “Ednovate was born out of passion to provide quality education to CA and commerce stream and to solve the pain points of the students in their journey. We launched Ednovate during the pandemic to revolutionize the Commerce Coaching industry and for the first time provide live interactive zoom lectures to students including doubt solving sessions, test series, Know Your Report and handholding students for their teaching needs.
In a short span of 12 months, Ednovate has more than 2500+ students on board which truly speaks about the quality of our services and education to our students. I want to build a self-sustainable profit-making business for my investors. I am very excited to bring on board Dr. Vinay Jain, Ajay Sarupria and Kaushik Mehta and look forward to their guidance, mentorship and support.”
Dr Vinay Jain, Chairman, Witty Group of Institutions said, “I have seen the journey of Ednovate and I am very proud as to how they have overcome their challenges and come out stronger. Investing for me, personally, is about the team. Ednovate Team has high ethics, integrity and strong execution capabilities and I think the team has the potential to make this Company as the next unicorn in the edtech space. I am glad to partner with Ednovate in their growth journey of innovating education.”
Ednovate has four physical offices in Mumbai, has an online presence in more than 10 cities, and proposes to have a presence in PAN India over the next 34 years. Ednovate’s broader vision is to harness the power of the platform to expand in five years. Ednovate takes a results-oriented approach through its extensive and innovative learning methods. Launched March 1, 2021, as a platform for commerce students, Ednovate aims to provide CA students with a one-stop shop solution to guide their entire journey.
Ednovate aims to revolutionize and innovate the teaching methods of India’s unorganized coaching industry. Ednovate is a pioneer in launching a live interactive Zoom course for CA students during a pandemic. Ednovate was developed by a team of renowned professors with the vision of delivering quality professional education to the gateway to students.
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