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| (L-R) - Jayraj Jadeja (Founder), Nihar Sheth ( Co-Founder & CEO), Kevin Ritter ( Co-Founder) |
- The Ed-tech start-up has secured an Undisclosed amount in the current seed round
- The Start-up is from first cohort of EvlolveX, Global Accelerator Programme by WFC
Started by Nihar Sheth, Jayraj Jadeja and Kevin Ritter, Student Ink has onboarded 300+ Schools, 6000+ educators and more than 1,60,000 users which effectively achieved an average engagement time of 22 min being spent by a students located across 14 states in India. By incorporating the knowledge and student understanding with the help of schools and educators across the globe, Student Ink has curated 600+ courses in the B2C segment, helping educators in saving 1M+ hours of their manual work.
At Student Ink students can access curated content from various educators including videos, notes, and reference material. They also earn reward points through various gamified events. Educators can gain recognition in their targeted audience at a national level and Academies can reach out to their targeted audience to increase their admissions
WFC has partnered with several strategic angels to assist the start-up in solidifying its operational effectiveness in addition to participating in the investment round. The funds were facilitated through EvolveX, Global accelerator programme by We Founder Circle.
“Seeing the ever-increasing demand for Ed-Tech education and Student Ink's potential to be a major disruptor, we are excited to have invested in the start-up and we promise to provide support to its mission of transforming the education sector in India. Also, at WFC we are dedicated to revitalising the funding to Indian ed-tech startups, especially at a time when investors have major apprehension of a slowdown,” said, Gaurav VK Singhvi, Co-founder of We Founder Circle.
Commenting on the funds raised Mr. Nihar Sheth Co-Founder & CEO, Student Ink said “We sincerely appreciate our lead investor WFC’s and all other investors’ faith in our model and concept. The investment will pay off and contribute to the hyper growth of our business, allowing us to scale our platform more rapidly. Our business model is already profitable, and with such strategic angels on board, we intend to achieve our ambition of disrupting the industry at an accelerated pace.”
Further to fundraise, the brand intends to accelerate the onboarding of more students and educators while also boosting the revenue streams. Ed-tech Start-up Student ink plans to utilize 42% of the funds in Sales and Marketing, 30% in Development and Hosting, 15% in Operations and 13% in Support.
Established in 2020 in Mumbai, We Founder Circle is a global community of successful founders & strategic angels that have come together to push the start-up industry and steer it towards aggressive growth. WFC invests USD 50K- USD 2Mn amount in early-stage start-ups that are fueled with ambition, sustainability, and a strategic approach. WFC provides seed funding, business development, and global networking opportunities to start-ups as it believes early-stage start-ups need a lot beyond just financial support to become scalable and stable. It has already enabled USD 12 mn worth of investments across 33 start-up deals in the year 2021 alone and invested in 56 startups since incorporation.
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