~DFAN has recently concluded funding for Goseeko, Dheeyantra and Gully Network~
~ The company is looking at investing around INR 100 million in FY2021~
Digital Futurists Angels Network (DFAN), a global, community-backed Angel network has invested in Edtech startup Goseeko Technologies Pvt. Ltd., one of India’s emerging Edu-tech platforms providing curated, affordable and best-in-class higher education study material as per university syllabus. Goseeko aims to make higher education accessible and convenient across Tier 2-4 cities and towns thereby helping students transition from academics to career.
DFAN is focused on nurturing tech-enabled businesses and is looking at investing about INR 100 million plus in FY2122 across different sectors; AI Products, Health-tech, Retail-tech, Edtech, Media-tech, Agri-tech and Clean-tech. DFAN is backed by their parent Digital Futurists community of 1500+ Futuristic technology, business and consulting leaders and have recently concluded funding for chatbot startup Dheeyantra and grocery tech startup Gully Network besides Goseeko. The company is looking at concluding four more investments in this month thereby taking its total investments upto INR 50 million.
Mr. Vivek Gupta, Director & Co-founder, DFAN said, “While India has witnessed an increase in the number of private colleges over the years in Tier 2 and 3 cities, there is still a lack of access to quality education. We believe there exists a huge potential in the Edtech sector wherein through innovation, companies can help in bridging the knowledge and skills gap that exists in the hinterland and thus enhance the employability quotient of students. We see Goseeko to be solving this problem by providing access to quality content and study material to students in this segment and make education more accessible, affordable and convenient for them. As a new age angel platform, we believe in investing in tech-enabled businesses that have a large social impact and are convinced that Goseeko will create a strong positive impression on the learning outcomes of students and shape up the career growth of millions of young minds.”
Goseeko was founded in August 2018 by Mr. Chandrabhanu Pattajoshi and Ms. Sonam Choudhary, who come with an array of expertise and knowledge of the business and corporate world. The company operates on a subscription-based model and the study materials are available at the most affordable rates across courses. This includes notes, presentations, lecture, and reference videos, MCQs, and question banks with answers for Graduate and Post Graduate courses.
Mr. Chandrabhanu Pattajoshi, Founder, Goseeko said, “Lack of a quality higher education infrastructure continues to remain a challenge in smaller towns and cities across India. Students, meritorious yet not-so-privileged are faced with a lot of obstacles including expensive books, poor library infrastructure, multiple and fragmented sources of study material among others. At Goseeko, our aim is to provide convenience and accessibility to students by offering a comprehensive solution, in alignment with the university syllabus all at one single place. The Covid-19 pandemic has caused the transition from offline to online learning at a much faster pace. We have witnessed a 10- 15 times increase in repeat visits by existing students and an over 100% jump on new visitors week on week. We currently have a footprint of 68 universities across 19 states on our platform and with this funding we want to provide curated, affordable, higher education study material to more students and bring them at par with university syllabus and guidelines. This year, we hope to reach 2.5 million students from over 150 universities in India.”
Founded in 2019, DFAN has on-boarded multiple strategic partners including leading institutions such as Meity, IITs, IIMs and VC funds. Their immediate future roadmap includes launching incubator-cum-accelerator(s) across selected tier-II cities by bringing in collaborative partnerships to foster the start-up ecosystem in these cities.