Total amount raised
$4.1 Millions
Latest funding date
Location
Winuall has successfully raised ₹170,000,000 in Series A funding, backed by investors such as Ankit Bhati and Inflection Point Ventures. The platform offers a comprehensive suite of tools for creating online courses, including branded teaching apps, live class modules, and AI-enabled management software.
Keep reading to explore the intricacies of Winuall's fundraising journey and the investors backing this innovative platform.
What Is Winuall?
Winuall, founded on June 3, 2019, is headquartered in Bangalore, Karnataka, India. The company was established by Ashwini Purohit and Saurabh Vyas.
Operating in the EdTech industry, Winuall specializes in creating online courses for schools, tutors, and content creators. The company employs between 101 and 250 people.
How Much Funding Has Winuall Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial foundation of the company and develop the core platform.
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: May 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and enhance the platform's capabilities.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: Amit Lakhotia, Ramakant Sharma
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: $2M
- Date: October 2020
- Lead Investors: Prime Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business and onboard more educators and content creators.
- Series A
- Amount Raised: ₹170M
- Date: August 2022
- Lead Investors: Dream Incubator, Prime Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product and tech capabilities, hire leadership roles, and scale up the marketplace business.
Total Amount Raised: $2M + ₹170M
Current Valuation: Not publicly disclosed
Key Investors
- Dream Incubator
- Details: Dream Incubator is a strategic consulting and business development firm. They focus on helping startups with high growth potential.
- Investment Focus Areas: Strategic consulting, business development, high-growth potential startups.
- Notable Investments: Various strategic consulting projects.
- Prime Venture Partners
- Details: Prime Venture Partners is a venture capital firm that invests in early-stage technology startups. They are known for their hands-on approach in helping startups scale.
- Investment Focus Areas: Fintech, SaaS, healthcare, education.
- Notable Investments: Multiple early-stage technology companies.
- Inflection Point Ventures
- Details: Inflection Point Ventures is an angel investment platform that supports early to mid-stage startups. They provide not just capital but also mentorship and strategic guidance.
- Investment Focus Areas: Technology, innovation, early to mid-stage startups.
- Notable Investments: Specific notable investments are not mentioned.
- BEENEXT
- Details: BEENEXT is a venture capital firm that invests in early-stage technology startups. They have a strong presence in Southeast Asia, India, Japan, and the USA.
- Investment Focus Areas: Early-stage technology startups, innovative solutions.
- Notable Investments: Specific notable investments are not mentioned.
- Amit Lakhotia
- Details: Amit Lakhotia is an angel investor and entrepreneur. He has a background in technology and startups.
- Investment Focus Areas: Technology, startups.
- Notable Investments: Various startups across different sectors.
What's Next for Winuall?
Winuall stands at the cusp of significant growth, driven by the increasing digitalization of education. The company plans to enhance its product and technology capabilities, hire leadership roles, and scale its marketplace by onboarding more creators, content suppliers, and educators. With a target to achieve $100 million in Gross Merchandise Value (GMV) annually by the end of 2023, the opportunities are vast.
Given its rapid growth and ambitious targets, Winuall is likely to seek additional funding rounds to support its expansion. The favorable market conditions, with the Indian SaaS industry projected to grow to $15 billion by 2026, provide a conducive environment for future fundraising. However, challenges such as competition from well-funded rivals like Classplus and Teachmint, and maintaining the quality and relevance of content, could pose hurdles along the way.
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