eQuickies an Ahmedabad based online book selling platform raised $298k from Lothal Angel Ventures. The funds will be used for team expansion, development of technology and marketing.
Aakash Gajjar, co-founder, eQuickies said,
“Through our portal the study books can be purchased on EMI as well as on discount. Books prescribed for higher studies like medical or engineering or accountancy are expensive for many students and with rising costs of education, the prices of higher studies and professional courses books have also turned expensive.”
It provides study material and educational books to students through its portal. It allows the students to find coaching class, college updates, exchange old books and students can also donate their books. It also provides services including find PG, hostel prices, and book information.
Another Edtech startup raised funding includes BYJU which raised $50 million from Sequoia Capital in participation from Chan Zuckerberg Initiative. Zeroinfy raised an undisclosed amount of funding from Calcutta Angels Network, Unacademy raised $1 million funding in their 2nd round of external investment.
Manavsi Thapar, angel investor at Lothal Ventures said,
“While novels or story books are leisure reading, thus the demand depends on the group of ardent readers, this is not case in student books. Student books are a compulsory demand, thus the sales are more predictable and with rising education level the demand is always rising.”