Total amount raised
$169.5 Thousands
Latest funding date
2/1/2023
Location
OLL has successfully raised ₹3,000,000 in a Seed round, attracting the attention of 14 investors. The platform is a live experiential learning marketplace, offering trending skills of the 21st century taught by verified quality educators.
Keep reading to explore the intricacies of OLL's fundraising journey and the investors backing this innovative platform.
What Is OLL?
Founded on April 4, 2020, OLL is a live experiential learning marketplace based in Mumbai, Maharashtra, India. The platform focuses on providing trending skills of the 21st century, taught by verified quality educators.
Shreyaan Daga, the founder, envisioned a space where passionate teachers could extend their expertise and learners could expand their knowledge through real-time help and personalized learning experiences.
With a small but dedicated team of 1-10 employees, OLL continues to innovate in the educational technology sector, making quality education accessible to all.
How Much Funding Has OLL Raised?
- Pre-Seed Round
- Amount Raised: $20K
- Date: January 2022
- Lead Investors: EvolveX Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial features.
- Seed Round
- Amount Raised: $115K
- Date: September 2022
- Lead Investors: EvolveX Accelerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the school and teacher network across India and hire more talent.
- Seed Round
- Amount Raised: ₹3M
- Date: February 2023
- Lead Investors: Peyush Bansal and Vineeta Singh
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform features.
Total Amount Raised: $135K + ₹3M
Current Valuation: Not publicly disclosed
Key Investors
- Peyush Bansal
- Details: Peyush Bansal is the founder and CEO of Lenskart, a leading eyewear company in India. He is also known for his investments in various startups through his role as a judge on the Indian version of Shark Tank.
- Investment Focus Areas: Technology, consumer goods, healthcare.
- Notable Investments: Lenskart, DailyObjects, Feedo.
- Vineeta Singh
- Details: Vineeta Singh is the co-founder and CEO of SUGAR Cosmetics, a fast-growing beauty brand in India. She is also an active investor and mentor in the startup ecosystem.
- Investment Focus Areas: Beauty, consumer goods, education.
- Notable Investments: SUGAR Cosmetics, Fab Bag, The Souled Store.
- We Founder Circle
- Details: We Founder Circle is an angel network that supports early-stage startups with funding and mentorship. They focus on helping startups scale and succeed in competitive markets.
- Investment Focus Areas: EdTech, FinTech, healthtech, consumer goods.
- Notable Investments: Zypp Electric, MyScoot, Knorish.
- Gaurav VK Singhvi
- Details: Gaurav VK Singhvi is a seasoned angel investor and co-founder of We Founder Circle. He has a strong background in finance and entrepreneurship.
- Investment Focus Areas: EdTech, FinTech, consumer goods.
- Notable Investments: Zypp Electric, MyScoot, Knorish.
- Neeraj Tyagi
- Details: Neeraj Tyagi is an angel investor and co-founder of We Founder Circle. He has extensive experience in business development and startup mentoring.
- Investment Focus Areas: EdTech, FinTech, healthtech.
- Notable Investments: Zypp Electric, MyScoot, Knorish.
What's Next for OLL?
OLL is poised to capitalize on the growing demand for online learning, particularly in tier 2 and 3 cities across India. With a focus on expanding its school and teacher network, the platform aims to offer a wide range of subjects, from coding to life skills, targeting students in grades one to ten. This broad market opportunity is bolstered by the increasing emphasis on soft skills and practical education.
As OLL scales its operations, future fundraising rounds are likely to be on the horizon. The initial seed funding has set the stage for further investment, which will be crucial for sustaining growth and enhancing platform features. However, the competitive landscape, marked by established players like White Hat Jr, presents significant challenges. OLL will need to navigate these hurdles to achieve meaningful scalability and market penetration.
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