Hyderabad-based ed-tech startup, IndigoLearn, has raised $150,000 in seed funding. The funding round saw participation from angel investors based in India, US, and Europe. The startup provides e-learning solutions to students and professionals in the finance and accounting segment.

“There is a dearth of quality players in this space. I see good potential for players like IndigoLearn. With their student focused approach and high-quality content backed by extensive use of technology & analytics, IndigoLearn can substantially improve learning outcomes for the students,” said Maheshwar Peri, CEO of careers360.com and an angel investor who participated in the seed funding round.

The startup was founded in 2017 by Sriram Somayajula (ex-VP of Finance at Furlenco), Sathya Raghu (a renowned CA faculty) Suraj Lakhotia (an All-India CA Topper) and Sarat Veulmuri (an engineer from BITS Pilani). With the assistance of the visual effects team from Thunder Studios, the startup has developed a fresh approach to imparting accounting and finance education in the country.

Over the past 12 months, IndigoLearn has launched courses for students pursuing CA, CS and CMA. The courses consist of byte size modules and are supported by visual-content based learning pedagogy. In the coming 12-15 months, the startup is aiming to launch learning modules for other global professional courses as well as for students of classes XI and XII.

“The funds raised in this round would be used for content and product development,” said Sriram Somayajula, CEO of IndigoLearn. He went on to add that the startup’s new-age way of learning has received an excellent response from the student community. Furthermore, a large number of students are from non metro locations.

Additionally, the startup claims to have helped over 5000 students across India prepare for their CA examinations over the past year. In the past few months, IndigoLearn has also partnered with a number of educational institutions and bought onboard several experienced faculty. During the coming year, the startups plans to use the funding raised toward expanding its student base by 10 times and new product launches that have been scheduled in the coming months.

(Picture courtesy: IndigoLearn )