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EduAce-Funding

EduAce an Edtech startup raised $1 million seed funding from MoMagic

EduAce a Lucknow based Edtech startup raised $1 million in its seed funding from MoMagic Technologies a Delhi based mobile internet company.  It was founded by Gaurav Yadav and Kalpana Singh in 2012. It uses quizzes to teach their students and has a flagship programme School Quiz League- Pratibha ki Khoj. The funds will be used to expand their operations and to add more learning programmes.

The startup generated their revenues from workshops and mentoring programmes. It is also planning to launch workshop GURU for teachers next month. EduAce services are available in 3 states which includes Delhi-NCR, Madhya Pradesh and Uttar Pradesh, covering 2,500 schools. By 2017 It plans to reach upto 15 states and 7000+ schools.

G-QAT General Knowledge and Quizzing Aptitude Test is an offering for school students from Junio sections to senior sections. It provides students with individual learning modules and also comprises of an aptitude assessment test.

Gaurav Yadav Co-founder of EduAce said

“We have a unique format. General knowledge is a part of the curriculum till class 8th and after which it is left to the student to pursue, even though current affairs is a major segment in many competitive exams. This is what we want to change and bring in quizzing as an active form of learning.”

He also said

“We believe that we are most relevant in Tier II towns and will not move away from that proposition. People often think that metros are the place to be for disruption. But it is essential to understand that the majority of users lie in these Tier II townships. According to me, the real growth is here and people should actively evaluate this as an option.”

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