Indian edtech startup Learning Edge Academy of Professionals (LEAP) has raised an undisclosed amount of angel funding from Sarthi Angel Venture Foundation (SAVF).
This is the first investment of SAVF which was launched last August by Sarthi Group, a financial services company.
SAVF plans to invest in six to seven companies in its first year. The group can come in at any point in a startup’s life-cycle and investments range from seed investment to up $2 million.
Founded in 2009 Learning Edge provides educational institutions like schools and colleges but also retail training centers with a mix of traditional and digital content.
The startup conducts high-speed document imaging and automate data capture of content.
Delhi-based Learning Edge also offers instructors an online platform for distance education. Learning Edge’s Virtual Learning Environments (VLE) are designed for group instruction and include virtual classrooms and meetings. They offer features including audio, video, real-time chat and animations. The lessons and lecture are then stored online for viewing.
According to DealCurry.com the Indian e-learning content market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.4% from Financial Year 2014 – Financial Year 2018. Increasing internet penetration, low existing coverage and rising demand are expected to develop this market strongly in the near future.
- Learning Edge Academy of Professionals raises angel funding from Sarthi Angel | VCCircle
- Sarthi Angels Makes Maiden Investment In Learning Edge Academy | DealCurry.com