Edtech startup LectureNotes has raised $2.5 million funding in Pre-Series A round from the Canada-based venture capital company Jani Ventures.
The startup plans to use the funds to build a strong experienced team, grow its B2C platform and expand into new areas.
In addition, the funds will be used to improve and enhance the infrastructure of its B2B digital segment called LectureRooms.
Multilingual transliteration and data-driven student analytics, under the LectureRooms, are the two projects the startup will focus on.
It provides services like handwritten notes through Lecture Notes, Live Learning through LecturePrime, AI-personalization of content called Lecture Rooms, Institutional Curriculum through Lecture Academy, Lecture Remote, and Video Conferencing infra for stakeholders called Collegeshala.
Bhubaneswar-based startup was founded in 2017 by Srustijeet Mishra, Upamanyu Chatterjee, Shouradeep Chakraborty, and Md Fazal Mustafa, LectureNotes is an e-learning and note sharing platform for engineering students and college lecturers.
The startup focuses on creating a localized learning ecosystem with a community-building approach. Its content is personal and mapped to the user’s university. In addition, an AI-based recommendation system guides the learners based on their study patterns and preferences. It is currently considering simplification of exam packages.
The company claims to have 2 million users on its platform and over 3 million pages of content and the startup aims to connect at least 50 universities and over 1000 undergraduate campuses in India. The platform is currently available on the web, Android, and iOS apps.
Earlier in the year, LectureNotes acquired the Kolkata-based collegeshala for an undisclosed amount in an all-stock deal.
The company aims to become a repository of hyperlocal learners in the country by the end of this financial year.