Illumnus, an EdTech startup has raised about Rs 75 lakh from high net worth individuals (HNIs) and several angel investors. The seed funding round witnessed key investors from Dubai and UAE according to the statement released by the company.
The EdTech startup was started by Aakash Deep Singhal, IIT Bombay Alumnus and his brother Akshaya Singhal, a BITS Pilani Alumnus. The startup plans on using the investments into marketing and expanding its business overseas in 4 other countries. They aim to have an organic and sustainable growth by the end of this year.
Aakash, co-founder of Illumnus said, “We have already doubled our team bringing A-players to build a scalable SaaS based LMS platform, which the educational institutions always deserved but never got,”
The platform operates on Collaborative Learning Management System (C-LMS) idea for educational institutions. It provides premier educational institutions with an internal digital learning network. This eases the communication between faculty and students even post school hours.
One of the investor groups was recited in the statement released by the company saying, “We are thrilled to support and help Illumnus grow leaps and bounds. In times where the world of education is increasingly becoming digitally driven, we find Illumnus very well placed to capture the market not only in India but in other global markets as well,”
EdTech has seen a massive boost in past few years and the current pandemic has just made it better for these industries. Such startups have attracted attention from names like Google and Microsoft. Illumnus though provides a seamless experience for the parties involved on an end-to-end communication basis. The intensity of users signing up for digital classes has increased two-fold in last couple of months owing to Covid-19.