Edtech platform xQ bags $1.4 million in its funding round from a group of HNI investors
xQ, the ed-tech start-up has raised $1.4 million with the help of a Gujarat-based angel syndicate and a select group of HNI investors, including senior executives from Google, Deloitte, Tata 1MG, Axis Capital, and award-winning international photographer Joseph Radhik. The funds will be used by xQ to increase the presence of their main product, the xQ Video Lab, in schools.
Simon Jacob, CEO and co-founder of xQ said, “A pioneering video creators academy for kids, xQ considers video to be the most potent and effective form of communication available today, making it a crucial 21st-century talent for children. Video is the future’s language and is no longer an extracurricular activity.”
Anand Taparia, an investor in xQ and director of innovation at Colgate Palmolive India Ltd. said, “The fact that 4 of the 5 co-founders of xQ are teachers motivates the team, in my opinion, to develop products and solutions that have been carefully designed for the educational ecosystem. They clearly care about making video creation available to students in many types of schools.”
Tanmay Saksena, Tata 1mg’s chief operating officer said, “The unique stance that xQ has taken in a congested industry like ed-tech excites me. Given the explosive growth of video content in recent years, their vision of developing a community where children can learn from one another through video creation is inspiring, and I think the e-learning platform they are building to assist students in learning video creation has tremendous potential.”
About xQ:
In 2021, Simon Jacob and Kartik Talwar, both graduates of IM, formed the company with the assistance of seasoned filmmakers, instructors, and advertising experts. xQ is also developing a digital learning platform that is intended to be a secure environment for kids to acquire video creation techniques in order to make learning immersive and personalised through video-making.
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