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Edtech startup Centa raises $1 million from 30 angel investors

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Centa, an educational technology startup focused on teacher accreditation, announced a successful funding round of $1 million from a group of 30 angel investors. Notable investors in this round include Leo Puri, chairman of JP Morgan India; Pankaj Sahni from Medanta Group of Hospitals; Bahram Vakil, the founding partner of AZB & Partners, and Nikhil Mohta, director at ICICI private equity. Prior to this, the company had secured investments from venture capital firms like Omidyar Network, Discovery Assets, Pi Ventures, and 3i Partners. Established in 2014, Centa is a profitable venture that specializes in providing certification and upskilling services to a network of 1.5 million teachers worldwide.

From 2014 to 2019, the company operated a teacher examination platform modeled as an Olympiad. Starting in 2019, it transitioned into a comprehensive enterprise offering teacher accreditation courses. According to the statement released by the Bengaluru-based startup, it intends to utilize the recent funding to develop a 'teaching-as-a-service' (TaaS) marketplace. This model aims to provide on-demand teaching services to national and international educational institutions while also supporting state and national governments.

The TaaS platform is designed to connect teachers globally who are seeking professional development opportunities and additional income streams with potential employers such as edtech companies, schools, and government entities. Ramya Venkataraman, the founder and CEO, stated that currently, testing and training contribute roughly 45% each to the platform while recruiting constitutes the remaining 10%. However, she anticipates that recruiting will eventually make up approximately 40% of the platform's growth trajectory. Before establishing Centa, Ramya Venkataraman, an alumna of IIT Delhi and IIM Calcutta, led McKinsey & Company's education practice for 15 years.