[Funding] KopyKitab raises undisclosed amount from Pacatolus, Stanford Angels and others

Bangalore-based digital learning Ed-Tech startup KopyKitab has raised an undisclosed amount from ace investors. The company has raised this fresh round from a clutch of well-known institutional and angel investors. Some names include Pacatolus (Singapore), Stanford Angels; and ace investors like Praveen Gandhi, Jeenendra Bhandari, Mohit Dubey and Manoj Mehta.

As major investments are not going towards customer acquisitions, the company will use the funds to grow the technology for revolutionising tutorials. It also aims to build an ecosystem in the Higher Education vertical.

About KopyKitab

KopyKitab, India’s leading digital learning platform is the one-stop destination for higher education students, offering full-stack solutions for personalised learnings. Founded by Sumeet Verma and Amit Shrivastava, the platform focusses and caters to all higher education needs. This includes coursework and competitive exams. It has a user base of 5 million and 6 million app downloads with additional presence in 400+ campuses. Further, the startup has witnessed a growth rate of close to 200% over the last 6-7 months.

Talking about the startup and the fund, Sumeet Verma, CEO & Co-founder, KopyKitab, says,

“There are 40K institutes in India with 60%+ gap in quality faculty and curated content in a highly scattered market. KopyKitab has witnessed a massive growth; changing consumer behaviours due to the Pandemic. Further, with 68% of the traffic coming from Tier II and Tier III towns, it validates our business model. Our aim is to address the underserved market of higher education. As one size does not fit all, higher education is very regional and run on a push from its users (6Mn organic App downloads validates it).

Every student from a different institute and region has a different way of studying. Thus, this is what KopyKitab continues to address. It helps students to manage their whole learning cycle right from all the formats of curated content i.e. books, notes, assessments etc to the tutorials in 7 different languages. We have evolved as one stop destination for higher education students. We believe this support from our investors will help strengthen our performance metrics further and reach our target of 10 Million users by the year end.”

From one of the investor

Praveen Gandhi says, “We believe in the model of KopyKitab and that’s why we have backed the team from their early days. Unlike other Ed-tech players, KopyKitab focuses on demands from the students’ side and works to give them what they need to further excel in their studies & outcomes. That makes them a very student centric platform. The way it has created an ecosystem with the top publishers in the country, no other company has reached that trust level with the IP holders; or gained deep insights about the market faster.”

“While the COVID-19 situation spelt bad news for the economy, it turned around the Ed-tech space drastically. Given that, we see KopyKitab has created very strong moats. It is also emerging as one of the most formidable names in the Ed-tech space. Thus, we decided to provide them with additional funds to help them achieve even bigger milestones as they get ready for a bigger round,” he adds.