Bangalore-based education startup ThinkVidya which connects students with trainers and institutes through an online marketplace, has secured an external round of funding from an un-named US serial entrepreneur and angel investor.
The startup didn’t disclose the amount of investment and other details. ThinkVidya will use the raised investment to expand its physical presence in multiple cities in India and for hiring talents across sales, marketing, technology and operations.
ThinkVidya current offerings include online marketplaces for – Tutors and Teachers, with detailed profiles and search facility to help students find the right tutors, trainers or institutes for any learning requirement and for Courses and Workshops, where teachers can upload information about their workshops and trainings as well as upload online recorded courses. They also manage outreach programs for corporate and educational institutions.
“ThinkVidya has a unique proposition in the education segment as being the only provider offering the widest range of learning options – from professional profiles of individual teachers, institutes, local courses, trainings and workshops to online courses – which include both self-paced recorded courses and instructor led trainings. This funding round is a validation of our sound business model and the strength of our leadership team. We just finished a solid year of significant growth and this investment is going to help us expand considerably in 2014,” said Rakesh Kalra, Founder and CEO of ThinkVidya.
In 2013, the company grew more than four times in revenues and its user base has also grown by the same number. At present, close to 1,30,000 individual teachers, tutors and institutes are registered on the platform. The company plans to grow both its revenue and user base significantly and expand its team size to 70 members by the end of this year.
Started in 2011, ThinkVidya serves over 1500 categories, including school and college tuitions, exam entrance, IT, professional skill development, dance, music, photography and painting among several others.