Edtech startup Edvizo raises over $150,000

In addition to attracting additional customers and spreading to more locations, the start-up aims to use this fund to improve its technological and sales staff.

In addition to attracting additional customers and spreading into more cities, the startup aims to use the Fund to improve the technological and sales staff.
Edvizo located in Bengaluru received seed round financing from Inflection Point Projects for more than $150,000. In addition to acquiring more users and expanding into more cities, the company plans to use those funds to strengthen its sales and technical team. Edvizo, which was released in March 2018, is a platform for browsing, comparison, and enrolling students in the best competitive test preparation institutes. The organization has registered over 50'000 students in five cities – Kota, Hyderabad, Pune, Patna, and Guwahati – and has hooked up with 2,500 coaching institutes. "We are really excited to work together with IPV to develop up and introduce our edtech framework at a different stage," says Ravi Nishant, Creator, and CEO, Edvizo. Because of the COVID-19 lockout in the education field, several institutes are experiencing a number of problems now, from the online course distribution to the students' reception for a new semester. This is an advantage we're trying to tap.

IPV has invested more than Rs 100 crore in 35 + startups since the beginning of 2018. Investment in startups in fields such as healthcare, edtech, distribution, and social distance technologies allows enterprises in these fields to scale up and ultimately to have a significant effect in order to enable people to cope with COVID-19. In the last 60 days after the coronavirus epidemic began this is the eighth expenditure of the organization. Vinay Bansal, Co-founder, and CEO at IPV commented on the investment: "Many Edtech companies go to the classroom, to colleges or directly through the markets of students. However, Edvizo appears to be capitalizing very well on the market of the coaching institutes. They are very conscious of the business, of the pain of the coaching institutes, and of the usage of technologies to solve those problems. Edvizo allows coaching institutes to recruit additional students through their network while reducing their promotion and branding costs. This is a unique business concept that is now sustainable, operated by an enthralling founding team.