Eduisfun which is a Mumbai-based education startup on Tuesday said that it has secured funds worth 200 Crore from angel investors like actor Amitabh Bachchan, HDFC chairman Deepak Parekh, Ogilvy Group chief creative officer Piyush Pandey and PwC partner assurance Russel Parera.
The company will be using the fund scholarships, product development and expand to 1.5 million schools across India.
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The education startup was started by Praveen Tyagi and Jatin Solanki and it gamified educational apps for school children for CBSE and ICSE curriculums.
The product STEPApp is an important aspect of the startup which is an experiential learning app that works on smartphones even with low connectivity and was designed for students of private, central and tribal schools.