[Funding alert] AhaGuru raises undisclosed Series A investment from Anand Mahindra's family office
Online learning platform AhaGuru on Thursday said it has raised an undisclosed amount of funding led by an investment firm managed by industrialist Anand Mahindra's family office.
The funds will be used to develop new technology features and online courses for high school students, and increase its student base across the country, as well as in the Middle East, the startup said in a statement.
The funds raised in Series A round will also help the startup expand its team of expert teachers and mentors, it added.
Founded by Balaji Sampath and Gomathi Shanmugasundaram, AhaGuru focusses on research and developing solutions to tackle the learning quality problem, thereby improving concept understanding and problem-solving abilities of students.
Commenting on the investment in the startup, Mahindra said, "AhaGuru stands for making learning easier and understandable by deploying well-researched techniques. Their sharp focus on enhancing the quality of teaching Science and Math can help students grasp fundamentals more effectively. I am hopeful that AhaGuru will help Indian students build curiosity and a scientific temper."
Sampath said this funding will enable the startup to launch new courses to help students with their school and board exams.
"We are also working on several new technology features to make the student learning experience richer. We are investing in artificial intelligence to personalise the learning experience for each student. Our predictive learning model identifies student learning patterns and suggests enhancements that improve the success rate of students," Sampath added.
AhaGuru said its online coaching, which has been growing steadily over the last few years, has seen a big surge during the COVID-19 pandemic.
"The number of students enrolling for both our live online classes, as well as our recorded video courses, has tripled. Our teams are working overtime to ensure every student is learning well. This investment will help us get more teachers and provide personalised learning support to our students," Co-founder Gomathi Shanmugasundaram said.
Edited by Suman Singh