Edtech SaaS startup Winuall raises Rs 17 Cr from funding round from Dream Incubator, IPV and others
- ByStartupStory | August 23, 2022
Winuall, an online education platform that assists coaching institutes in becoming digital, has raised Rs17 crore (about $2 million) in funding led by Dream Incubator, Inflection Point Ventures, Prime Venture Partners, BEENEXT, and other investors.
The startup will use the additional funding to strengthen its technological and product skills, hire for leadership positions, and expand its marketplace by bringing on more creators, content suppliers, and educators.
In the previous six months, Winuall claims that usage of their social commerce platform has increased by 100% MoM, while income for educators has increased by 50%. The business added that it had raised more than Rs 38.5 crores to date and sold more than 35,000 courses and content pieces in the past four months alone.
By the end of 2023, the Bengaluru-based business hopes to generate $100 million in GMV annually. Teachmint and Classplus, both financed by Lightspeed and Tiger Global, are competitors.
Ashwini Purohit, CEO of Winuall, said, “We are already break-even and on course to make our marketplace company profitable in the next three months. We are humbled by the widespread acceptance of our platform in India. Customers are overjoyed, and we are eager to continue developing the company. At Winuall, we are developing a content marketplace with a high supply, as well as understanding user patterns and proposing the best content for the student. We have higher margins to share with our educators and give affordable content to students thanks to our social commerce strategy.”
About Winuall
Winuall, founded in 2019 by Ashwini Purohit and Saurabh Vyas, is a social commerce platform that allows educators to provide a variety of selected courses to their students’ online education platforms. The organisation assists coaching institutes in going digital by giving content and performance improvement suggestions. It also allows tutors to reach a larger audience and earn more money by selling their information and services.
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