Edtech Platform Questt Raises $1.3 Million in Seed Funding Led by Chiratae Ventures
Questt a platform that helps teachers conserve their time and energy using technology, has raised Rs 9.6 Crore (around $1.3 million) in a seed funding round led by Chiratae Ventures. The round also saw participation from AET Fund, Snapdeal founders Kunal Bahl & Rohit Bansal, 91springboard founder Pranay Gupta, LivSpace’s Ramakant Sharma, First Cheque, and founders of Razorpay.
Questt was started in 2019 by Akhil Singh, an alumnus of BITS Pilani, along with Mohsin, and Rohit Pande. The funds raised by the company will be utilized for expanding its user base, focusing on product development and to hire talent said a statement.
The startup’s primary goal is to use technology to support teachers and students in their journey of growing and learning. The website is built 'by the educators for the educators'. Play is where young minds are at their creative and generative best so the ecosystem of Questt is entirely gamified.
The company says its platform automates homework assessment for teachers, while gamifying homework completion for students. It also provides a detailed set of analytics of a student’s response to help them improve their performance and teachers design more effective lesson plans. This automated assessment saves 90 percent of teacher's time.
The founders said, “All over the world, teachers invest a huge amount of time in creating and evaluating answer-sheets. The output of this process is a score/grade for a student that has no real insights. These processes that do not factor in the advancements in tech that have happened over the last decade need to be reinvented. The current system asks teachers and students to invest a huge amount of time without yielding significant output and this is what we are trying to solve at Questt. We are building an Education Data Stack to empower teachers with deep insights that allow for a more customized and effective learning experience. With the new investors coming on board, we are excited to grow under their mentorship and guidance.”
Venkatesh Peddi, Partner, Chiratae Ventures, said, “Questt is targeting the multi-billion-dollar EdTech industry with its unique offering for students and teachers by introducing tech innovation to make learning and education more meaningful in the post-pandemic world. Akhil and the team have built a fabulous product with an easy-to-use interface allowing access to educators and learners pan India. We are looking forward to seeing the team grow and achieve great things in the near future.”
Questt is looking to include all post-kindergarten grades in the coming months and its target is to onboard over three million students by the end of 2021.
Questt was started in 2019 by Akhil Singh, an alumnus of BITS Pilani, along with Mohsin, and Rohit Pande. The funds raised by the company will be utilized for expanding its user base, focusing on product development and to hire talent said a statement.
The startup’s primary goal is to use technology to support teachers and students in their journey of growing and learning. The website is built 'by the educators for the educators'. Play is where young minds are at their creative and generative best so the ecosystem of Questt is entirely gamified.
The company says its platform automates homework assessment for teachers, while gamifying homework completion for students. It also provides a detailed set of analytics of a student’s response to help them improve their performance and teachers design more effective lesson plans. This automated assessment saves 90 percent of teacher's time.
The founders said, “All over the world, teachers invest a huge amount of time in creating and evaluating answer-sheets. The output of this process is a score/grade for a student that has no real insights. These processes that do not factor in the advancements in tech that have happened over the last decade need to be reinvented. The current system asks teachers and students to invest a huge amount of time without yielding significant output and this is what we are trying to solve at Questt. We are building an Education Data Stack to empower teachers with deep insights that allow for a more customized and effective learning experience. With the new investors coming on board, we are excited to grow under their mentorship and guidance.”
Venkatesh Peddi, Partner, Chiratae Ventures, said, “Questt is targeting the multi-billion-dollar EdTech industry with its unique offering for students and teachers by introducing tech innovation to make learning and education more meaningful in the post-pandemic world. Akhil and the team have built a fabulous product with an easy-to-use interface allowing access to educators and learners pan India. We are looking forward to seeing the team grow and achieve great things in the near future.”
Questt is looking to include all post-kindergarten grades in the coming months and its target is to onboard over three million students by the end of 2021.
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