Byndr a Hyderabad based mobile learning platform raised seed funding of $700k from Ben Frankling Technology Partners, the Education Design Studio and group of angel investors.
The funds will be utilised in expansion, grow scope of its product providing students with access to educational content and administrative features of colleges.
It was founded in 2015 by Satish Nampally, Joseph Freed, Marc Garabedian, Prashant Vangeepuram and Praveen Vangeepuram. It is a mobile first communication and learning management platform for education. It aims to connect students with teachers and colleges. It allows colleges to manage and share assignments, grade students, mark attendance, upload content, designing timetable and share activity.
It claims to have more than 50,000 students on their platform. It is used by more than 50 top colleges of India.
Joseph Freed, Co-founder & CEO of Byndr said,
“In 2017 it is projected that 80% of the internet users in India will be mobile. So the only way to truly create a single point of access for students in mobile-dependent markets like India is with a mobile-first product. With Byndr, students stay engaged and connected to educational resources outside the classroom, enabling the concept of anytime and anywhere learning with a fast and light platform.”
Byndr is in competition with Byju. Byju is planning to raise another $50 million followed by $75 million which it raised in March this year from Sofina and Sequoia Capital.