Edvizo bags funding from IP Ventures

The Bangalore based education technology startup, Edvizo Media, acts as a marketplace for competitive exam institutes, has raised an amount of $150,000 (Rs 1.14 crore at current exchange rates) in seed funding from Inflection Point (IP) Ventures.

The infusion from IP Ventures marks the company’s first institutional investment. The funding will be used to upgrade its technological infrastructure, fortifying sales team and acquire more users.

Set up by Ravi Nishant in 2017, the platform allows users to evaluate, compare and enrol in institutes that focus on coaching students for competitive examinations.

“The coaching institute market is an untapped opportunity which Edvizo seems to be capitalising quite well,” IP Ventures co-founder and CEO Vinay Bansal said, as per the report. “We look to support the business in its growth journey.”

Edvizo is associated with about 2,600 institutes and has more than 50,000 registrations on its platform. Its platform helps coaching institutes acquire more students and reduce their marketing and branding expenses.