Shaktimaan.ai, 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: https://shaktimaan.ai/
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.
Source: https://www.vccircle.com/aibased-edtech-platform-shaktimaan-ai-raises-early-stage-funding