New-age enterprise platform for educational institutions, CollPoll, on Wednesday announced the close of its pre-series A funding round. Manipal Global Education Services [MaGE] led this funding round with participation from individual investors.
In the past, the company has raised seed financing from India and Silicon Valley based investors including Janakiraman S, co-founder, Mindtree and Dr. Aditya Dev Sood, founder, Startup Tunnel, among others.
The pre-series A funding will be used to accelerate the momentum the company has achieved since 2013, including, 40,000 paying users at leading Indian universities such as Jindal Global University and KLE Technological University.
CollPoll will also invest in key technology integrations and expand the portfolio of campus engagement products and services.
The platform will further enter global markets with pilot engagements in South East Asia and West Africa.
"Manipal Group believes in investing in big ideas which will transform the education landscape globally. Hemant and team have taken their deep learning in India's education environment and applied it to the problem of modernizing the ecosystem," said MD and CEO, Manipal Global, S. Vaitheeswaran.
New director for MIT
Quess Corp update on scheme of arrangement for demerger
Innovation hubs emerge in India, Singapore: Capgemini report
Google, Coursera launch new programme for entry-level IT jobs
Google, Coursera launch new course for entry-level IT jobs
Total mobile subscribers base grows to 981.65 million
Sanjay Dalmia Group enters into medical tourism
Direct tax collections up by 18.7%
NSE conducts live trading from DR Site
Sensex record high is led by govt initiatives: market expert
"The rapid customer growth we've seen this year and commitment by educational visionaries has put CollPoll in a tremendous position to build an open, connected ecosystem for all education participants. My own journey of education transformation started with Manipal Global and I am thrilled that CollPoll is partnering with a truly global and mission-oriented education leader," said CEO, CollPol, Hemant Sahal.
India's education technology is expected to grow multi-fold by 2021 and campus technologies is a fast growing category within ed-tech.
Despite ed-tech's bullish growth, it continues to be held back by traditional Enterprise resource planning (ERP) and home-grown systems.
CollPoll has transformed closed, transaction-based IT into an open, engagement-based mobile ecosystem for administrators, faculty, and students.
It supports seamless learning collaboration between students and faculty, collapses information barriers, and provides deep insights to institute's leadership for decision making to improve both quality and outcomes.
Disclaimer: No Business Standard Journalist was involved in creation of this content