![]() Why would you start putting obstacles in the way of growth? When you have 100 million users to get to, you will create a revenue model too,” he says. “We are working on a proprietary free model right now and not monetising it. GMI has not only set the standard for large-scale student assessments in India, but it has also paved the way for instruments like Development Impact Bonds in education," she explained.Īsk Jairaj about monetisation models and revenue targets, and pat comes the reply. Prachi Jain Windlass, Director - India, Michael and Susan Dell Foundation, said, “We are very excited about the coming together of two high-performing organisations with a sharp focus on improving education outcomes for millions of children in India." "ConveGenius has grown significantly in reach and impact, and is bringing the power of edtech to government and budget private schools. In August 2020, ConveGenius also acquired Gray Matters India (a Dell Foundation-backed startup) to help boost its AI-based assessment products, and capture the digital learning footprint of every K-12 student in India. Meet India’s education finance startups making learning affordable for millions of students The Quality Education India Development Impact Bond. We believe that smart demand, supply and use of data drives. “We want to get to $10 ARR per user by the end of 2021,” states the founder.ĬonveGenius is looking to reach 40-50 million K12 learners in low income households this year Prachi Windlass and Samar Bajaj of Michael and Susan Dell Foundation write. UNICEF is the worlds leading source of data on children used by over 3 million people globally. No matter what industry or position you are in. this package includes 4,500+ infographics that can be used in everything from advertising to accounting to education to blogging. The World’s Largest Selection of Infographics in One Package. Or what it calls ‘Edtech for Naya Bharat’. All infographics you’ll ever need are now at your disposal. The startup is also in talks to raise a Series A round to fund its growth across India’s middle and low-income households. But, riding on the pandemic-led tailwinds in edtech, it is looking to reach 40-50 million students in 2021. This report forms a part of a larger project funded by and undertaken on behalf of the Michael and Susan Dell Foundation. In six years, ConveGenius has reached only 5,000 of the 1.5 million public schools in India. Its last reported annual revenues were Rs 18.4 crore in FY19-20. Edtech 2020: Funding surge, WhiteHat Jr-led coding growth, new unicorns, M&As, and more Funding and future roadmapĬonveGenius has raised Rs 20 crore till date from a clutch of investors, including Michael & Susan Dell Foundation (MSDF), Benori Ventures, among others in 2016 a seed round through Enablers in 2015 and an angel round of $100,000 led by Ashish Gupta, Founder and trustee of Ashoka University, and others in 2014.
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