We Founder Circle leads an undisclosed SEED round in Student Ink, an Ed-Tech start-up
The Ed-tech start-up that aims to bridge the gap created between physical and virtual learning has secured an undisclosed amount in the current seed round
The Start-up is from the first cohort of EvlolveX, the Global Accelerator Programme by WFC
New Delhi: We Founder Circle (WFC), an early-stage start-up investment platform led by a global community of successful founders and strategic angels, has announced they are leading an undisclosed seed round in the Ed-Tech start-up Student Ink. Student Ink, a corporate entity of JaynikEduserve Private Limited. Student Ink is India’s 1st educational networking platform that facilitates the all-round development of students beyond the four walls of the school.
Started by NiharSheth, Jayraj Jadeja and Kevin Ritter, Student Ink has onboarded 300+ Schools, 6000+ educators and more than 1,60,000 users, which effectively achieved an average engagement time of 22 min being spent by students located across 14 states in India. By incorporating the knowledge and student understanding with the help of schools and educators across the globe, Student Ink has curated 600+ courses in the B2C segment, helping educators in saving 1M+ hours of their manual work.
At Student Ink, students can access curated content from various educators including videos, notes and reference material. They also earn reward points through various gamified events. Educators can gain recognition in their targeted audience at a national level and Academies can reach out to their targeted audience to increase their admissions.
WFC has partnered with several strategic angels to assist the start-up in solidifying its operational effectiveness in addition to participating in the investment round. The funds were facilitated through EvolveX, a Global accelerator programme by We Founder Circle.
“Seeing the ever-increasing demand for Ed-Tech education and Student Ink’s potential to be a major disruptor, we are excited to have invested in the start-up and we promise to provide support to its mission of transforming the education sector in India. Also, at WFC we are dedicated to revitalizing the funding to Indian ed-tech start-ups, especially at a time when investors have major apprehension of a slowdown,” said Gaurav VK Singhvi, Co-founder of We Founder Circle.
Commenting on the funds raised, Mr NiharSheth, Co-Founder & CEO, Student Ink said “We sincerely appreciate our lead investor WFC’s and all other investors’ faith in our model and concept. The investment will pay off and contribute to the hyper-growth of our business, allowing us to scale our platform more rapidly. Our business model is already profitable, and with such strategic angels on board, we intend to achieve our ambition of disrupting the industry at an accelerated pace.”
Further, to fundraise, the brand intends to accelerate the onboarding of more students and educators while also boosting the revenue streams. Ed-tech Start-up Student ink plans to utilize 42% of the funds in Sales and Marketing, 30% in Development and Hosting, 15% in Operations and 13% in Support.