ConveGenius, an EdTech social enterprise working to bridge existing education and skills gaps, raised $ 5 million in a pre-seed funding round led by BAce Capital, Heritas Capital and 3Lines Venture Capital.
The company’s existing investors Michael and Susan Dale Foundation also participated in the new round.
ConveGenius is an EdTech social enterprise with a set of personalized and adapted learning solutions. It uses education science, AI and Nudge theory research to enhance the quality of education in India and reduce the gap in education for the masses.
Founded in 2013 by Jayaraj Bhattacharya and Shashank Pandey, ConveGenius aims to deliver excellent learning outcomes for K-12 students, and its products aim to assess current learning levels and create a gaming and personalized learning journey for each child. It aims to provide educational materials to 100 million middle and low income households in India. And with the launch of its AI platform, the company aims to reach one billion homes globally. The Singapore-based startup claims that it currently has 14 million monthly active users, with 35 million daily conversations in 10 different languages.
Commenting on the development, Convenienius co-founder and CEO Jayaraj Bhattacharya said,
“We are excited to launch ConveGenius AI to democratize digital access to billions of users globally and facilitate knowledge and content with one-click experiences.”
With the latest funding, ConveGenius plans to launch its interactive AI platform ConveGenius.AI in India and the global market. Through ConveGenius.AI, the company’s goal is to expand horizontally across the WhatsApp ecosystem and other interactive AI-based channels, serving more customers across different clients, and allowing developers to launch their solutions on the platform. ConveGenius also aims to continue to strengthen its AI / ML capabilities and is in advanced discussions with a number of businesses to provide sector-focused solutions to the 500 million users currently active on various chat platforms.
Janet Chia, head of venture capital at Heritas Capital, said:
“With schools closed for a long time during the outbreak, we believe that ConveGenius is better at tackling the education crisis and the gaps that seriously affect students in India and other emerging markets in the region and the region.
ConveGenius had previously received Rs 6 crore ($ 900,000) in equity investments from the Michael and Suzanne Dale Foundation in August 2016.
In July 2020, ConveGenius launched the #EdTechforNayaBharat All India Campaign to enable education for a growing digital India. The following month, it acquired Gray Matters India (GMI) to expand its personalized and adaptive learning platform.
Shalini Pathak is a Staff Writer at EdTechReview (ETR) – India’s leading edtech media and community. She has four years of experience in the media, covering various beats. Like all writers, she is first and foremost an avid reader with a passion for creating box outs and the ability to write on any topic. As part of the ETR team, it will include the latest in the Adtech industry.