Hyderabad: IndigoLearn.com, the Hyderabad based finance & accounting focused EdTech Startup announced a follow-on fund raise from angel investors to a tune of $135,000 (over Rs 96 lakh).
Angel investors based out of India & US participated in this round. The company has so far raised $265,000 (over Rs 1.88 crore) from investors (including the angel round it had announced in April 2018). The company provides online education for students pursuing CA and related courses in finance & accounting domains.
Founded in early 2017 by Sriram Somayajula, ex-VP Finance of Furlenco, Sathya Raghu renowned CA faculty, Suraj Lakhotia All India CA topper, Sarat Velumuri a techie from BITS Pilani, along with the visual effects team from Thunder Studios, IndigoLearn has, in a short span of time, built a strong reputation as one of the most trusted and quality education providers for students in the finance & accounting domains.
Till date, the company has launched over 700 hours of immersive, visual rich content covering subjects primarily for students of CA Foundation & CA Inter. In next one year, IndigoLearn is planning to launch modules for CA Final, global professional courses and classes XI & XII.
Since its inception, the company has helped over 20,000 students across the country to prepare for their CA examinations.
Sriram Somayajula, CEO of IndigoLearn said, “Our E-learning modules have received tremendous response from the student community, especially in Tier II towns. We have students in over 300 non-metro locations.
There is a large amount of inbound interest from students and parents in smaller towns, given their lack of access to high quality content.”
IndigoLearn intends to scale its student base by 10x in the next one year on the back of funding and new product launches scheduled in the coming months.