Edtech Startup FlashPrep raises $500k led by Venture Highway & Others
FlashPrep, a Bengaluru-based startup, has raised $500K in a Pre-Seed Round led by Venture Highway. Better Capital, First Cheque, and a few Angel Investors also contributed to the round of funding. It is India's first app based on proven learning techniques like spaced repetition and active recall.
The new funds will be used to strengthen and expand the company's user base, as well as to expand product offerings.
Dhiresh Nagwani, co-founder and CEO, FlashPrep said, “Competitive exam prep is a productivity problem, which leans the preparation more towards strategy and efficiency. At FlashPrep, we believe in building a companion app for subject mastery and providing access to quality content for aspirants across tiers. The funding will help us to further take this ambition to new heights, diversify our product offering and strengthen our user base."
FlashPrep, founded by IIT Kanpur alumni Dhiresh Nagwani (CEO) and Ashwini Dhekane (CTO), enables learners to make quantifiable progress during their test preparation journey in short (5-15 minute) study sessions. It is a set of best-in-class study tools that allow students to practise, identify weaknesses, benchmark, and master the subjects they are studying, resulting in improved learning outcomes.
Following their founding in October 2020, FlashPrep launched the first version of the platform on Android and iOS in April 2021, with over 30,000 downloads to date. With 15,000 active monthly users, the app has become a sleeper hit among NEET and UPSC aspirants.
Choose from over 3000 expert-created study decks covering content for NCERT, CBSE, NEET, IAS, SSC, and many more, including math, physics, biology, chemistry, history, English, economics, and geography. Users can also make their own flashcards and have FlashPrep prepare you for your exams.
Venture Highway's founders and investors have deep ties to Silicon Valley, and the company was founded out of a desire to give back to India's startup ecosystem. Samir Sood founded Venture Highway, which is advised by Silicon Valley-based Neeraj Arora, Venture Highway's founding anchor LP and former global business head at WhatsApp.
The new funds will be used to strengthen and expand the company's user base, as well as to expand product offerings.
Dhiresh Nagwani, co-founder and CEO, FlashPrep said, “Competitive exam prep is a productivity problem, which leans the preparation more towards strategy and efficiency. At FlashPrep, we believe in building a companion app for subject mastery and providing access to quality content for aspirants across tiers. The funding will help us to further take this ambition to new heights, diversify our product offering and strengthen our user base."
FlashPrep, founded by IIT Kanpur alumni Dhiresh Nagwani (CEO) and Ashwini Dhekane (CTO), enables learners to make quantifiable progress during their test preparation journey in short (5-15 minute) study sessions. It is a set of best-in-class study tools that allow students to practise, identify weaknesses, benchmark, and master the subjects they are studying, resulting in improved learning outcomes.
Following their founding in October 2020, FlashPrep launched the first version of the platform on Android and iOS in April 2021, with over 30,000 downloads to date. With 15,000 active monthly users, the app has become a sleeper hit among NEET and UPSC aspirants.
Choose from over 3000 expert-created study decks covering content for NCERT, CBSE, NEET, IAS, SSC, and many more, including math, physics, biology, chemistry, history, English, economics, and geography. Users can also make their own flashcards and have FlashPrep prepare you for your exams.
Venture Highway's founders and investors have deep ties to Silicon Valley, and the company was founded out of a desire to give back to India's startup ecosystem. Samir Sood founded Venture Highway, which is advised by Silicon Valley-based Neeraj Arora, Venture Highway's founding anchor LP and former global business head at WhatsApp.