Edtech startup Digital Gurukul is planning to raise $5 million funding.
The Indore-based company will be utilizing the funds across investment in programs, content facilities, building a global Online tech platform, Franchisee Distribution, marketing (both offline and online) and international expansion. The fresh capital will also be used for the creation of over 40 offline Digital Gurukul Learning Centre for engagement and networking.
Digital Gurukul had entered into the EdTech category in 2018 with an aim to disrupt the sector and provide Students, working professionals & entrepreneurs, who are in constant need to master most demanded skills across Industry, Digital Marketing.
Dr. Raj Padhiyar, Founder of Digital Gurukul, said, “We believe the speed at which students, working professionals & aspiring entrepreneurs in India need the Next generation programs to survive & grow in the market, there is no choice but to look at things exponentially. Keeping this in mind, we have decided to open the company to a 10 per cent dilution and capital raise for us to expand course offering. We are ready to welcome more investors group to make Digital Gurukul Asia’s leading edtech company. Personally, I do believe that out of all the assets, equity is the most valuable for Digital Gurukul and hence, we are taking a very cautious & careful step towards this dilution.”
“We are currently planning to launch the Online programs with an average cost of Rs 1-1.5 lakhs, the opportunity is a whopping 70,000 crore and I firmly believe that this is just the start and the Edtech category would be the most untapped market compared to all other sectors,” he added.
