Indian mobile education startup GradeStack has received an undisclosed amount in seed funding from Times Internet Limited.
GradeStack previously received RS 10 lakhs ($160k) from Times Internet Limited as part of its TLabs incubator program.
GradeStack is a marketplace for mobile friendly courses. Launched in 2013, the startup currently offers more than 30 courses via its Android app and the web, adding about 8-10 new courses per month. An iOS application is planned for release in April.
The course offering includes free and paid courses and GradeStack has partnership deals with local and international publishers like Cengage Learning and Unique Publishers with 12-15 content partnerships currently in the pipeline. Content providers on GradeStack earn 30% of the revenue, 70% goes to the startup according to Media Nama.
Besides the course store application which is the flagship app of GradeStack, the startup also offers dedicated learning apps for Java Programming, General Knowledge, Maths and competitive exams like SSC, IIT JEE, GRE and CAT among others. GradeStack’s apps have been downloaded 400.000 times in the past eight months. The premium courses are purchased via in-app payment.
The idea behind GradeStack is to take content from publishers that is not web / mobile ready and turn it into interactive and engaging learning experiences. Co-founder Vibhu Bhushan told VCCircle
“Most publishers and large institutes have a huge repository of learning material that has not been used either on web or on mobile. GradeStack takes this content and makes the whole learning experience more engaging by adding elements such as assessments, flashcards, discussions, and connecting students who are taking similar courses.”
- GradeStack secures funding from Times Internet; Revenue share & in-app payments | MediaNama
- Times Internet invests in online education marketplace GradeStack | VCCircle