Zotalabs has raised $100,000 in its seed funding round. The company aims to create a subscription-based platform to provide students access to K-12 education globally from multiple educational institutions.
Dhianu Das from Alfa Ventures, Bhavesh Jain (CRO, Transa CIBIL), Sandeep Jain, CEO, value unlocked & Ex Strategy Head, HT Media, Deepak Goyal (ISS Thailand), Ankur Shrivastava, Gen Real Property, and Vatsal Jain from Paypal also participated in the round, a release said.
Prashant Narang from Agility Venture Partners served as the round’s India Accelerator, while Dhianu Das from Alfa Ventures led the round.
The company plans to use the seed fund for team development, product growth and technological enhancements.
It also aims to expand its presence across South-east Asia and develop deeper insights for learners in the K-12 segment.
“The pandemic’s closure of classrooms has led to a rise in online education and virtual classes. This has translated into a demand for ed-tech startups and online virtual learning companies in India,” Agility Venture Partners Co-founder Prashant Narang.
The last 25 startups in education have raised as much as $795 million in funding, and that’s what we were banking on through Zotalabs’ seed round, he added.
During the pandemic, Zotalabs saw an opportunity in the evolution of digital classrooms and experiential learning. They helped Amity Future Academy with a technology platform to promote their skill-development courses under the Atmanirbhar Bharat initiative.
“We aim to democratise learning globally. We intend to connect educators and learners through one cohesive platform. In Zotalabs, we bring coaches, trainers, teachers and students together through a quality, blended learning experience,” said Zotalabs CEO Wasim Khan.
Their products include Eusembly, the world’s first EdTech platform for all K-12 students globally and Eumetry, a platform where teachers can upload live and recorded classes.