EduRev, which was formally launched in 2018 by two college students from the College of Punjab, Kunaal Satija and Hardik Dhamija, primarily caters for college kids within the 12-24 age group, serving to them put together for quite a lot of exams, together with suggestions for aggressive exams corresponding to IIT Joint Entrance Examination, Medical Admission and the Union Public Service Fee, amongst others.
Nevertheless, not like its friends, EduRev doesn’t create its personal content material, however as a substitute will get it from a mix of distinguished academics, coaching facilities, and well-known education-focused publishers.
The startup, which was a part of the Y Combinator winter 2020 batch, has raised $ 150,000 in funds led by the Silicon Valley-based startup accelerator, in keeping with Crunchbase. The Chandrasekaran funding is a part of the identical spherical, which continues to be ongoing.
In 2020, along with EduRev, Chandrasekaran, who’s at the moment the Govt Vice President of Product Administration and Design at Nasdaq's cloud contact middle software program supplier, Five9, has additionally invested within the psychological wellness firm Mindhouse, based by the Zomato co-founder. Pankaj Chaddah and InVideo, a DIY video creation platform, which was additionally a part of the second cohort of Sequoia Capital's quick accelerator program, Surge.
Three different investments made in 2020 have but to be disclosed. So far, Chandrasekaran, who’s among the many most lively traders in India's startup ecosystem, has supported roughly 55 corporations, investing between $ 25,000 and $ 50,000 in every firm.
Eight of his early-stage bets are estimated, together with on-line actual property platform NoBroker, on-line credit score accounting agency Khatabook, on-line pharmacy Netmeds, and buyer and cross-channel analytics platform MoEngage. , are at the moment valued at greater than $ 100 million.
In April, NoBroker obtained $ 30 million from Normal Atlantic, whereas in Might, Khatabook obtained $ 60 million in its Collection B funding spherical, which was led by B Capital Group. Chandrasekaran, who additionally served as chief product officer for nationwide telecoms large Airtel, earlier than becoming a member of Snapdeal in 2015, is primarily centered on betting on startups working in markets, fintech, customers, SaaS and rising AI segments. .
The product expertise government has recorded 5 departures so far, stemming from Reliance's acquisition of Fynd, an offline-to-online style ecommerce firm, and the acquisition of associate firm Innov8 by the Oyo hospitality chain, backed by SoftBank. each transactions have been introduced final yr.
Three different exits occurred via the sale of hyperlocal drug supply app Pluss to Netmeds in 2016, and Kavin Mittal led Hike Messenger's twin acquisitions of social media app InstaLively and hardware startup Creo, each reported. in 2017.