Dec 22, 2022

Digital Learning KopyKitab Raises Undisclosed Amount From Ace Investors The round saw participation from Pacatolus, Stanford Angels led by Paula Mariwala, ace investors like Praveen Gandhi, Mohit Dubey, Jeenendra Bhandari & Manoj Mehta. The funds infused will primarily be used for scaling up the platform to include new services to increase expansion of technology for revolutionizing tutorials along with building an ecosystem in the Higher Education market. Wednesday, 2nd Dec, 2020: Bangalore-based digital learning Ed-Tech startup KopyKitab has raised an undisclosed amount from ace investors. The company founded by Sumeet Verma and Amit Shrivastava, has raised this fresh round from a clutch of well-known Institutional & angel investorslike Pacatolus ( Singapore), Stanford Angels (led by Paula Mariwala), and ace investors like Praveen Gandhi, Jeenendra Bhandari, Mohit Dubey and Manoj Mehta. The platform focus & caters to all higher education needs – coursework and competitive exams (with a user base of 5 millionand 6 million app downloads with additional presence in 400+ campuses) ,has witnessed a growth rate of close to 200%over the last 6-7 months.With its ability to specifically cater to the needs of the students, KopyKitab has been able to position itself as a market leader in the Higher education vertical and has been growingmany folds. Sumeet Verma, CEO & Co-founder, KopyKitab,says “There are 40K Institutes in India with 60% plus gap in quality faculty & curated content in a highly scattered market. KopyKitab has witnessed a massive growth, with changing consumer behaviours due to the Pandemic and with 68% of the traffic coming from Tier II and Tier III towns validates our business model. Ouraim is to address the underserved market of higher education. As one size does not fit all, higher education is very regional and run on a push from its users    (6Mn organic App downloads validates it). We believe this support from our investors will help strengthen our performance metrics further and reach our target of 10 Millionusers by the year end.” As major investments are not going towards customer acquisitions, the funds raised will be used for growing the technology for revolutionising tutorials along with building an ecosystem in the Higher Education vertical. Praveen Gandhi says,“We believe in the model of KopyKitab and that’s why we have backed the team from their early days. Unlike other Ed-tech players, KopyKitab focuses on demands from the students’ side and works to give them what they need to further excel in their studies & outcomes. That makes them a very student centric platform. The way it has created an ecosystem with the top publishers in the country, no other company has reached that trust level with the IP holders, gained deep insights about the market faster. While the COVID-19 situation spelt bad news for the economy, it turned around the Ed-tech space drastically. Given that, we see KopyKitab has created very strong moats & emerging as one of the most formidable names in the Ed-tech space, we decided to provide them with additional funds to help them achieve even bigger milestones as they get ready for a bigger round.” KopyKitab has witnessed massive growth in its platform as education moved online since March. The MAU and paid users have grown 3x. The additional funds raised will be used to further solidify their market leader position in the higher education vertical. The ed-tech startup  covers a base of 8% of the addressable market so far and aims to double it by the end of 2020. Share this article: