Social enterprise Edtech ConveGenius raises $ 5 million in funding

0

Existing investors Michael and Susan Dell Foundation also participated in the roundtable.

The company will use the funds to launch its conversational artificial intelligence (AI) platform, ConveGenius.AI in India and global markets. Through ConveGenius.AI, the company seeks to horizontally extend its products across the Whatsapp ecosystem and other AI-based conversational channels, to serve more customers in different verticals and enable developers to launch their solutions on the platform.

The eight-year learning platform aims to make quality education accessible to middle and low income groups across India and to make quality education accessible to 100 million marginalized children in India.

“We are excited to launch ConveGenius AI to democratize digital access to billions of users around the world and make knowledge and content one-click away,” said Jairaj Bhattacharya, CEO of ConveGenius Group.

ConveGenius’ edTech use case has grown to 14 million monthly active users in India with 35 million daily conversations, spanning 10 different languages, the company said in a statement.

“As schools have been closed for long periods during the pandemic, we believe ConveGenius is well positioned to address the learning crisis and gaps that have severely affected students in India and other emerging markets. of the region. We are delighted to support ConveGenius in its mission to further develop its impactful solutions, providing better access to affordable quality education for all, ”said Janet Chia, Head of Venture Capital at Heritas Capital.

In August 2016, ConveGenius had raised ??6 crore from the Michael & Susan Dell Foundation.

“ConveGenius has focused on the large, so far unserved market of 235 million students who belong to the first generation of mobile internet users with households using smartphones and mobile devices for the first time. The focus on mass market users and the democratization of personalized content distribution by creating conversational user experiences for mobile devices has created a niche segment for innovation and value creation, ”said Pallab Chatterjee, President of 3Lines Venture Capital.

The article was first published on livemint.com


Source link

Leave A Reply

Your email address will not be published.