
Mumbai Angels invests in edtech startup, Edhusk


The startup is likely to use the funds to expand its services to newer domains as well as automate the tutor search and selection process. The startup provides personalised one-on-one services at students' homes. It personalises tutor matches for students based on personality assessments, and leverages technology-driven learning models.
"EdHusk is aiming to provide students with easily accessible high-quality customised learning and activities," Mumbai Angels co-promoter and chief executive officer Nandini Mansinghka says.
The investment in EdHusk represents continued investor interest in the education-technology segment. Bigger privately held companies such as Byju's and Unacademy have raised large cheques at frequent intervals from marquee investors. However, there have been several early-stage deals in the segment as well.
This is the latest startup bet for Mumbai Angels, which was established in 2006 and says it has over 400 members across chapters in regions including Delhi, Bengaluru, and Kolkata. The investment platform has a portfolio of more than 140 companies with over Rs 150 crore in investments. It says it has also scored over 45 exits.
Last week, the network announced a $1 million (around Rs 7.5 crore) investment in Big Bang Boom Solutions Pvt. Ltd, which operates a defence-technology company focused on developing indigenous intellectual property.
The investment in EdHusk represents continued investor interest in the education-technology segment. Bigger privately held companies such as Byju's and Unacademy have raised large cheques at frequent intervals from marquee investors. However, there have been several early-stage deals in the segment as well.
This is the latest startup bet for Mumbai Angels, which was established in 2006 and says it has over 400 members across chapters in regions including Delhi, Bengaluru, and Kolkata. The investment platform has a portfolio of more than 140 companies with over Rs 150 crore in investments. It says it has also scored over 45 exits.
Last week, the network announced a $1 million (around Rs 7.5 crore) investment in Big Bang Boom Solutions Pvt. Ltd, which operates a defence-technology company focused on developing indigenous intellectual property.