SucSEED Invests in LetzConnect, an Educational Networking Portal

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/ -- SucSEED Venture Partners invests in LetzConnect, an educational networking portal that offers 'knowledge connectivity' to students. This Pre-Series A Fund-raise round was also co-invested by Obopay Mobile technologies & Japanese Investor Syndicate.

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Praveen Ganesh , Founder of Letz Connect Technologies says, "Our aim is to provide academic support to students and help them improve their chance of employment by making them more employable. The first step for us is to get the student with us, which we do by providing them reading material and connecting them with a network. Once that happens, our AI-enabled platform tries to understand a student's choice, likes and dislikes and needs, to provide him/her contents and courses accordingly."
Praveen further adds, "SucSEED has helped LetzConnect build the network of Industry experts who will be helping in building the right strategies from the market perspective. As part of the AICTE rollout, LetzConnect is presently being integrated across all technical institutions in the country. This round is very useful for the various scaling efforts and in building a sophisticated AI block within our ecosystem."
Speaking on why SucSEED has invested in LetzConnect, Sai Sundaram, an Active Investor, with SucSEED said, "The need of the hour is to improve the employability of our youth studying in our institutes and leverage technology to enable them to meet both their potential and aspirations. LetzConnect through their platform enables students, faculty to collaborate and learn across institutional boundaries and gain knowledge, and access to opportunities. We are excited by the potential of LetzConnect and its vision and look to work closely with them to achieve upcoming milestones."
Vikrant Varshney, Cofounder & Managing Partner of SucSEED, said, "With LetzConnect investment, SucSEED now has a full range of investments in Education Sector starting from KinderGarten to K-12 to College. This gives us unique opportunity to help fester collaborations between the start-ups like OckyPocky, XploraBox, SRJNA and LetzConnect to create a unique value proposition for the Edtech Sector."
Speaking on why SucSEED has invested in LetzConnect, Ajay Kalhan , an Active Investor, with SucSEED, said, "Besides connecting students, faculty and providers with the content relevant to students, LetzConnect with their AI-based platform allow organizations to connect, train and hire students as part of their social responsibility program. This in turn provides employment and future to the students in much need of help and that to SucSEED is the biggest game changer for any platform."
About LetzConnect - 'Employability Simplified'
Solution:
LetzConnect's AI-enabled platform provides right content to the right user to enhance learn-ability and employability of the student
Students from remote parts of the country can gain access to leading faculty members in their areas of specialisation LetzConnnect has partnered with Corporates and leading recruitment agencies to provide students access to jobs and Internship programs Market Potential
E-Learning Content
Global E-Learning Market Size - $160B in 2017 Indian E-Learning Market Size - $40B in 2017 Data Analytics Global Data Analytic Market Share- $42 Billion in 2018, forecast $100B by 2027 Indian Data Analytic Market Share- $2.03 Billion in 2018 Online Jobs Portal Global Recruitment Industry Markey Sizing- $500 Billion in 2018 Global Recruitment Industry growth- 8.6% annually About SucSEED Venture Partners