Prepseed, an Ahmedabad, India-based edtech company that provides an AI-powered learning solution platform for exam preparation, secured sRs. 2 crores in seed funding from a Chiripal Group of Companies.
Prepseed began as a tool to help competitive exam candidates analyze their performance using AI technology.
Vivek Kankaria, Co-Founder of Prepseed said, “We are delighted to receive the seed funding, and the resources will be utilized for advanced AI and machine learning technology, allowing educational institutions and students to identify better and address the difficulty levels of the students’ vis a vis their courses and subjects”.
The company provides a platform to over 150,000+ students and 230+ educational institutions across India, viz. coaching academies, schools, and colleges.
Allen Institute for Careers, JNV (Jawahar Navodaya Vidyalaya), Resonance, Reliable Institute, Dakshana Foundation, Vyas edification, etc., are using Prepseed’s Learning Management System (LMS) and/or Enterprise Resource Planning (ERP) services.
Company: Prepseed
Raised: 2 crores
Round: Seed Round
Funding Month: January 2023
Lead Investors: Chiripal Group of Companies
Additional Investors:
Company Website: https://prepseed.com/
Software Category: AI-powered Learning Solution
About the Company: Founded in 2021, Prepseed is an AI-enabled Ed-tech company that provides an AI-based learning platform for test preparation for IIT-JEE, NEET, SAT, and others. The company's platform provides machine learning algorithms for person-centric experiences by focusing on AI-based testing platforms, machine learning, adaptive difficulty based as per each student-specific topic, and practice tests, enabling educational academies for better enhancement of the students.
Source: https://mybigplunge.com/startups/funding-news/ahmedabad-based-ai-enabled-ed-tech-start-up-prepseed-com-secures-funding/