Raises $2 Million in Seed Round

by Kay Aloha Villamor in August 14th, 2023, a Bangalore, India-based artificial intelligence (AI)-based edtech startup, raised $2 million (Rs 16.5 crore) in a seed funding round.

The investment was from startup YCombinator, Fundersclub, and GoodWater Capital, along with Misbah Ashraf and Nishchay AG (Jar), amongst others.

The startup will deploy a significant percentage of the fund to build an LLM (language model) trained for different educational use cases. The AI-backed learning platform aims to reach the milestone of serving 100,000 students by December 2023.

Shaktimaan's current offerings include real-time doubt resolution and personalized feedback, with detailed evaluations of students' handwritten answers. This approach helps UPSC aspirants with targeted assistance and efficient study plans.

“Generative AI can be a game-changer in education, particularly in a nation like ours where quality teaching is often beyond reach. Shaktimaan solves the challenges of affordability and accessibility of quality education in India,” said Vimal Singh Rathore, co-founder and CEO of Shaktimaan.

Company: Shaktimaan

Raised: $2.0M

Round: Seed Round

Funding Month: August 2023

Lead Investors: YCombinator, Fundersclub, GoodWater Capital

Additional Investors: Misbah Ashraf and Nishchay AG

Company Website:

Software Category: Educational Platform

About the Company: Founded by Vimal Singh Rathore and Aseem Gupta, Shaktimaan is an educational platform designed for students. The company's platform provides personalized mentorship in a disciplined ecosystem, starting with UPSC exams, real-time doubt resolution, and personalized feedback, with detailed evaluations of students' handwritten answers, enabling UPSC aspirants to get precise support and effective study schedules.


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