Genext Students, a hybrid tutoring platform has secured $580K in its pre-Series A funding round from undisclosed investors.
Founded in February 2013, Genext connects parents with the home tutors for their children. Conceptualized by the cousin-duo Ali Asgar Kagzi and Asad Daud, Genext Students one-of-its-kind platform brings quality home tutors along with proprietary content (online & offline) to the doorstep of needy parents/students using technology as a key driver.
Commenting on the development, Ali Asgar Kagzi, Co-founder, and Director, Genext Students said:
Genext Students is not only an aggregator of tutors but also an ecosystem that benefits parents, students and tutors equally. In FY 2016-17, we have been able to register over 1000% growth with the optimum blend of offline and online personalized learning services.
Further adding to that and describing how funds will be used, he said:
With our fresh round of funds, we aim to expand our services to more cities across a greater number of geographies and make use of technology in an enhanced manner. With a commendable growth of tutoring sessions witnessed in Mumbai and Pune, Genext Students is on a path of aggressive growth.
With more than 4,000 tutorpreneurs and 75% M-O-M repeat customers, Genext Students have completed 20,000+ tutoring sessions in the last lease year across Pune and Mumbai. It claims to have over 1 million users of its digital study content.
The startup offers a combination of private home tutoring and technology-enabled learning across the curricula of national, international and state level syllabi. It bridges the existing discovery, connection and delivery gap in the K-12 education system. Apart from delivering content in English, Genext Students claims to be first Ed tech company to have launched content for Hindi medium students in India.
Genext Students plans to utilize freshly raised funds to fortify its team, strengthen its tech backbone and expand the services to new cities such as Bengaluru, Lucknow, Jaipur, Hyderabad and Chennai.