Edtech Firm ConveGenius Raises $7M in Funding Round

About the company

ConveGenius, an edtech company that offers personalized and adaptive learning solutions, was founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, with a vision to democratize quality education for millions of learners in India and other emerging markets. The company leverages artificial intelligence, data science, and gamification to create personalized and engaging learning experiences for students across K-12, test prep, and skill development segments. ConveGenius claims to have impacted over 10 million learners till date, with a focus on improving learning outcomes and bridging the learning gaps.

About the funding round

The company has announced that it has raised $7 million in a funding round led by UBS Optimus Foundation and Mount Judi Ventures. The round also saw participation from existing investors such as Elevar Equity, Michael and Susan Dell Foundation, and Bharat Innovation Fund. The company said that the funds will be used to scale its impact, expand its product portfolio, and strengthen its technology platform.

About the growth and future plans

The company said that it has witnessed strong growth in the past year, with a 4x increase in its user base and a 10x increase in its revenue. The company also launched its flagship product, CG Slate 2.0, which is a gamified and adaptive learning app that covers the entire K-12 curriculum. The app uses a proprietary algorithm to assess the learner’s proficiency level, learning style, and preferences, and then delivers personalized content and feedback to improve the learner’s performance.

“We are delighted to partner with UBS Optimus Foundation and Mount Judi Ventures, who share our vision of transforming education through technology. We are also grateful for the continued support of our existing investors, who have been instrumental in our journey so far. With this funding, we aim to scale our impact to reach 100 million learners in the next five years, and create a positive social change through quality education,” said Jairaj Bhattacharya, co-founder and CEO of ConveGenius.

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