Edumoon, an ed-tech startup founded by two students from Andhra University in 2020 during the first wave of Covid-19, has been recognized and valued at 3 crores in the Chunauti 2.0 startup challenge organized by the Software Technology Parks of India.
Pontaq, a UK-based cross-border innovation fund that invests in early-stage digital enterprises, has decided to invest 20 lakh in Edumoon.
The education business advanced to the seed fundraising phase of the Chunauti 2.0 startup competition after competing against over 3,000 other startups from throughout the country.
The Covid-19 epidemic has had a huge impact on humanity. The creators of Edumoon, Kapuganti Vikas and Ponnada Mahidar, have transformed this misfortune into an opportunity.
When the Covid-19 crisis brought the whole education system to a standstill, the two teenagers used the power of technology to sow the first seed of their enormous idea.
They created an Instagram profile to do exam paper analysis in order to assist other students, and it was an instant hit with the student community. They then broadened its scope to include online lectures, seminars, boot camps, skill-building courses, internships, and other services. A 15-person team is actively working on various areas of the Edumoon, ranging from technical support and teaching to mentorship and design.
Mahidhar told ToI that they have partnered with a number of institutions and private groups to develop student communities and assist students in advancing their careers. “We’re also using a variety of social media sites to broaden our reach and awareness.” “Through our firm, we hope to bridge the gap between industry and students,” Mahidhar explained.
Their business is presently being nurtured at the Andhra University Incubation Centre, according to Mahidhar. He went on to say, “We will continue to build up our operations for the benefit of the student community.” On different social media channels, Edumoon now has over 15,000 student members.