Edtech SaaS startup Winuall raises Rs 17 Cr
Winuall, an online education platform that helps coaching institutes go digital, has secured Rs 17 crore or a little over $2 million led by Dream Incubator, Inflection Point Ventures, Prime Venture Partners, BEENEXT and other investors.
According to Winuall, the proceeds will be used to enhance product and tech capabilities, hire across leadership roles and scale up marketplace business by onboarding more creators, content suppliers and educators.
Founded by Ashwini Purohit and Saurabh Vyas in 2019, Winuall is a social commerce platform that allows educators to share a wide range of curated courses to their students’ online education platforms. The company helps coaching institutes go digital by providing them with content and performance improvement recommendations. It also enables tutors to sell their content and services to a broader audience and earn more.
Winuall claims to have 100% MoM growth in the adoption of their social commerce platform in the last six months and educators have seen 50% growth in their income. The company also said that it has sold more than 35,000 courses, content-pieces in the last four months alone and has raised over Rs 38.5 crores to date.
The Bengaluru-based company aims to achieve $100 million GMV annually by the end of 2023. It competes with Tiger Global-backed Classplus and Lightspeed-backed Teachmint.
Winuall seems to be a fascinating startup with a motivating turn of events on E-Learning providers platform. I’m sure this startup would continue to prosper in its journey ahead. My best wishes to the entire team. This will give them a huge accomplishment in the future.Shishir Gupta, Founder and CEO, StartupLanes
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