Edtech startup LearnQ has raised an undisclosed amount in funding from Raghunath Subramanian, the founder, and CEO of the corporate SaaS platform Actyv.ai.
The startup plans to use the funds to grow internationally, particularly in the US, the Middle East and Southeast Asia.
The Bengaluru-based LearnQ.ai was founded in 2020 by Kushal Sinha and Piyush Kumar, It is an AI-powered platform for students studying for SAT, GRE, TOEFL, IELTS and GMAT.
“Like its adoption and impact across several industries, AI is set to revolutionize and redefine India’s education sector. At LearnQ, our flagship adaptive, gamified assessment tool not only enables students to master concepts but to understand, evaluate and work on their strengths and weaknesses in learning,” said Kushal Sinha, Co-founder and CEO, LearnQ.
“Besides our AI-based assessment engine, we are focussed heavily on building a network of quality inspiring and data-driven teachers. With a mentor like Raghu by our side, we are confident of scaling LearnQ to build a robust AI-driven education ecosystem that creates value for all our stakeholders,” he added.
The startup also launched its services for the IELTS exam in June to help a global pool of 3.5 million test takers. It also plans to raise $5 million in a seed funding round by the end of the year 2022.
“The philosophy of LearnQ is to build an ecosystem that can quantify learning. With the use of explainable AI, we can cue the learning process in the right direction and with hiring, training and up-skilling the right teachers, we can augment the learning process,” Piyush Kumar, COO and Co-founder, LearnQ said. “Over the next five years, the company will continue to grow its products for other standardized tests and eventually launch products for international boards. At the same time, we are working towards expanding our geographical footprint in India and internationally for maximum students to benefit from our tools and service.”
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“Traditionally, our education sector was focused around a one-size-fits-all concept. For India to progress, this mindset needs to change. With LearnQ’s vision, our nation stands to gain significantly from this AI-driven platform and it seemed like the right fit for us to partner in this endeavour”, said, Raghunath Subramanian, founder and CEO of Actyv.ai.
At LearnQ, they believe every child is unique and full of potential. Their goal is to help them realize their potential. They wish to build a new generation of India’s human capital who is analytical, data-driven, innovative, risk-taking, and thinking critically.
LearnQ is founded by alumni of IIT, US Ivy League University, M. S. Ramaiah, and is funded by top angel investors. Their cross-functional team includes Ph.D., MS, and educators with a decade of domain expertise and experience at top firms across the globe. They are seeking extremely talented individuals across multiple domains to help pioneer the next wave of Ed-Tech.