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Ed-tech startup IMAX Program secures $13.5 mn towards product innovation

ANI  |  New Delhi [India] 

Program, a start-up that serves over 800 schools and 300,000 students across India, has raised USD 13.5 million, focused on providing to K-12 schools in

The current infusion of funds in 2018 will be used to further innovate the product, enhance in-school service experience and expand the customer base through multiple distribution channels. will also explore working with publishers internationally, to deliver high quality in-school remedial programs to a global student base.

The Program includes textbooks, workbooks, school exams, feedback reports and individualised remedial worksheets along with manuals and training modules. To ensure smooth integration with schools, the technology platform works at the backend to deliver exams, reports and remedial worksheets in print. The exam-remediation loop ensures that the key learning gaps are identified and bridged, thereby maximising learning.

Till date, IMAX Program has delivered more than 1.7 million individualised remedial worksheets.

"With this round, we will now further deliver a better experience for our customers and partners, and accelerate the expansion of our commercial operations in We will also be selectively looking at prospective markets abroad. We aim to impact 2 million students by 2020," said Varun Kumar, Co-founder, IMAX Program.

IMAX conducted more than 500,000 assessments across 11 states in India, developing a deep understanding of classroom transactions and student learning. This helped them conceptualise and build an innovative curriculum program leveraging internal school exams in the process.

In 2015, Aspada, an investor in this round, had invested USD 1.8M to help IMAX to the classrooms to enhance school's ability to measure and impact learning outcomes effectively.

The other investors in this round of funding include Michael & and

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 13:40 IST