Tiger Global Management Leads $31.5 Million Investment In Interactive EdTech Quizizz

• ByStartupStory     |    June 30, 2021

Quizizz, an Indian startup founded by Ankit Gupta and Deepak Cheenath, that is making learning more interactive so that students find it compelling to spend more hours studying, has raised $31.5 million in an ongoing Series B round led by Tiger Global Management, said on Wednesday. Tiger Global led the Series B financing round in the five-and-a-half-year-old startup. Yahoo co-founder Jerry Yang and existing investors Eight Roads Ventures, Nexus Venture Partners GSV Ventures, also participated in the new round.

Quizizz, which had its previous financing round in March this year, has raised $47 million to-date. The new round values it at about $300 million. On Quizizz, teachers and the community develop gamified lessons for students. If a teacher wants to explain a topic to the students. She doesn’t have to build these lessons, for the concepts that if lessons exist, many just use those instead. The platform offers over 20 million quizzes today.

These lessons have helped students to find learning more engaging. The platform also assists teachers in identifying students who are struggling with grasping any concept and then to address those gaps. The platform covers a range of subjects including computer science, mathematics, science, social studies English, world languages, and creative arts.

“In the average week, students around the world answer more than 300 million questions on Quizizz. Our hope is that every time a question is answered, it inspires the student to keep learning and gives their teacher time to focus on personalized support instead of staying up late grading a stack of worksheets,” CEO and Co-founder Ankit Gupta said.

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