AR/VR edtech B2B SaaS startup

By Sachin2
Posted On: 26 / Jul / 2021
0 693

Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Edutech
Charge

Deal Status

Active

Deal Description

Venture Description: The company is an education-oriented platform. They have developed Augmented Reality headsets to be used solely in the education field to ensure that students have hands-on experience and to make studying a little easier for them with the help of technology. As of now, our education has become monotonous and repetitive, which causes students to lose interest and motivation rather quickly, and I think that no student is stupid, so if there is something a person doesn't understand then there must be a problem in the teaching way. Nowadays there are a lot of students that are unable to comprehend science, technology, engineering, and maths (STEM) because these fields require a highly visual approach that opens new ways to solve problems and enhance communication of complex ideas. Visual memory is often thought to be advantageous over other forms of memory as theyll, so once ideas are learned through visual methodologies, they have the potential to remain with students for longer periods. augmented reality can help in this aspect as it is capable of showing animations in 3d in our real world. Imagine studying the pictures that you saw in books in augmented reality from whichever angle and where detail can be studied with more clarity! Education is just sharing and passing of knowledge in the most efficient way. so what could be more efficient than AR/VR technology! How will they make money?: They will provide both hardware and software with preloaded syllabus content to education institutes on a yearly subscription basis. Progress till date: They have already developed the syllabus of complete Human anatomy, 6th 7th, and 8th standard. They have partnered who is helping us in mass production of hardware and in conversation with big institutions for content development. ( prototype of the software is ready. Simulation is under process.) Also, they have a financial institution backing our sales with their easy EMI option. Also, they are working on developing an SDK for hand tracking and Virtual Simulation. Product USP: • Hand Tracking with Artificial Intelligence. • 10x Cheaper than competitors • Virtual internship that supports the New Education Policy of India, 2020 • Wireless standalone headset design with rechargeable batteries for better user experience. • NPS score ( Net Promoter Score) 62%

No Files Attached

Deal Value
2 Crore
Targeted Region
Americas

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed