One of the most affected sectors during the covid-19 pandemic was education.
Various online education platforms and classes were scheduled to keep the touch of studies continue for the students.
During the nationwide lockdown, online platforms gained humongous success, and adoption of these platforms by students, colleges, schools, parents, and various other educational institutions was highly appreciated.
Vedarsy Technologies Pvt Ltd, also know as Krayonnz, is a Bengaluru-based startup that is built for better learning.
They have recently raised INR 1 crore in the latest pre-seed funding round which was led by GSF accelerator.
GSF has recently made its fourth investment in the education technology sector to accelerate the program of education in India.
Previously GSF, an early-stage venture capital firm that is India’s largest multi-city accelerator program backed by several investors and funds, has invested in accelerator programs to raise various community based online coding programs platforms, Codingal, Quizziz, and Flintobox.
Krayonnz was founded in 2019 by IIT Roorkee alumni Gurudutt Upadhyay and Saurabh Dixit who aimed to change the overlook of the Indian education system.
The start-up was brought forward to build and bring a platform that would act as an ecosystem of knowledge seekers and sharers to help in collaborative learning.
The company has moved forward with an approach which created a space of expertise to teach a particular subject as well as students and teachers can make their profiles which would highlight their strengths and expertise in the section as well as the skills for a better connection in a meaningful way.
GSF accelerator member, Rajesh Sawhney, has also shared his views on the ecosystem of India in terms of education.
He knows that education is difficult to reach the students who belong to a low-income household as well as lack the financial resources, which are required for the education, coaching Institutions, and various online study courses and various materials.
Krayonnz, the Edtech platform, provides affordable solutions to the students and provides the services of their platform to the majority of the students in India.
They charge an annual subscription fee for the accessibility of the educational content as well as the study material which is available on the platform and additional fees for services like counseling and personalized tuitions.