Ed-Tech start-up by 17 year Old Dropout OLL raised USD 115K in seed Round from We Founder Circle
New Delhi: We Founder Circle (WFC), an early-stage start-up investment platform led by a global community of successful founders and strategic angels, has participated in the SEED round raised by Online Live Learning (OLL), an Ed-Tech start-up by 17 Year old student Shreyaan Daga from Mumbai. The USD 115K (INR 90lacs) worth of round was facilitated through EvolveX, Global accelerator programme by We Founder Circle. WFC has joined hands with many strategic angels to propel the start-up to new heights and simultaneously help it gain a competitive edge in the Ed-tech industry.
OLL is a marketplace for enthusiastic teachers and eager students. The start-up was founded by 2 students Shreyaan Daga and Koshika Mahajan carry the same passion to revolutionize and create a community for the education sector. The platform enables teachers to expand their expertise, and students can easily enrol to expand their knowledge bank.
The Ed-tech start-up has secured an amount of INR 90 lakhs in the current seed round, bringing its total funding to INR 1.1 crores since inception. The seed round was backed strongly by successful angel investors and leaders including Gaurav VK Singhvi, Neeraj Tyagi, Bhawna Bhatnagar, Sandeep Balaji, Mili Shrivastava, Deepesh Hinduja, Monica Gupta, Rahul Hingmire, Milan Modi, Harsh Metha, Manan S Patel, and more.
“We Founder Circle is always dedicated to providing new routes of mentorship and assistance to early-stage businesses. We invested in OLL since they displayed the ambition required to establish a high growth company. The educational system may be altered in a significant way, providing considerable benefits to society if OLL succeeds. Therefore, we will be assisting them in all phases of development including business strategy, community building and connecting with skilled and right set of business mentors,” said, Bhawna Bhatnagar, Co-Founder, We Founder Circle.
“Having WFC as a strategic investing partner is wonderful news for the OLL team and subscribers. We’re confident that this investment will pay off and contribute to our business traction while helping us scale quickly. Our business model already yields a GM of 70%, and with such strategic angels on board, we intend to put our ambition on the wise route to success. We clearly aim to witness over 50% year-on-year growth,” said Shreyaan Daga, Co-Founder, Online Live Learning (OLL).
The brand plans to utilise funds to Scale the school and teacher network pan India. A part of the investment will also be directed to talent acquisition.