Everest Edusys, a Chennai-based edtech startup that provides schools with interactive learning centers for science education, raised a $942k Series A led by Lok Capital with participation of Chennai Angels.
The funding will be used for marketing and sales in the states of Tamil Nadu, Karnataka and Kerala.
Everest Edusys’ flagship product Quest Explore Discover (QED) is a mobile interactive exhibit center that teaches students in K-12 science principles in a hands-on way through experiments and other activities.
QED has been used by 20,000 children in 100 schools so far. About a fifth of those schools are government-run and Everest Edusys hopes to focus even more on such schools by establishing science centres that will act as a node for a cluster of government schools according to The Economic Times.
Besides building out these relationships Everest Edusys is also planning to launch digital learning products down the line. “The foundation has been laid, and we have enough capital to expand the business to other verticals, including digital learning,” Adarsh Kamath, VP corporate development told VCCircle.
Everest Edusys was founded in 2011 by husband-wife duo Krishna Srinivasan and Chokanath Hymavath.
Chennai Angels just recently invested in Bangalore-based edtech startup Skyfi Labs.
- Lok Capital leads under $1M in Series A funding in education startup Everest Edusys | VCCircle
- Lok Capital, Chennai Angels invest Rs 5.7 crore in Everest Edusys | The Economic Times
- HEDLINE: Skyfi Labs raises Round from Spark Capital and Chennai Angels | EDUKWEST