SaaS edtech startup Winuall has raised $2.1 Mn (INR 17 Cr) in a pre-Series A funding round led by Dream Incubator and Prime Venture Partners.
Inflection Point Ventures, BEENEXT and some strategic investors also participated in the funding round.
Winuall will use the fresh funds to build product and tech capabilities, hire across leadership roles, and scale the business by onboarding creators, content suppliers and educators.
Set up in 2019 by Ashwini Purohit and Saurabh Vyas, Winuall manages a SaaS platform that allows educators and coaching centres to curate online courses and share them with students. It also enables coaching institutes to digitise themselves through its content and performance improvement tools.
“We are already break-even and are on track to make our marketplace business profitable in the next 3 months…In a world where the competition for good content keeps growing each day, we want to build a platform for tutors that can make their job easier and also help them customize the courses they offer,” Winuall CEO Ashwini Purohit said.
Winuall also offers marketing tools to tutors that help them find potential students and build their brand. It allows tutors to set prices, give discounts, and run campaigns on social media to reach more audiences as well as upsell their existing students.
Including the current fundraising, Winuall has raised more than INR 38.5 Cr funding from investors to date.
Winuall claims to have recorded 100% month-on-month (MoM) growth in the last six months. It said its educators witnessed 50% growth in their income via its platform. Winuall sold over 35K courses in the past four months.
In the SaaS edtech segment, the startup competes with the likes of Classplus.
According to a report, the Indian SaaS industry, which stood at $3.5 Bn in 2020, is projected to grow into a $15 Bn market by 2026.
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