Summary: Edtech company ConveGenius has successfully raised $7 million in a recent growth financing round. The investment, led by the Michael & Susan Dell Foundation (MSDF), aims to support the company in exporting Indian technology to global markets. With existing backers including Bace Capital, Heritas Capital, and Gray Matters Capital, ConveGenius plans to enhance its three business verticals, including SwiftChat’s conversational AI bot store, Swift School’s adaptive learning platform, and Swift Insights’ assessment and data intelligence platform.
Edtech firm ConveGenius has secured $7 million in a funding round, signaling its commitment to expanding its reach in global markets. The Michael & Susan Dell Foundation (MSDF), alongside existing investors Bace Capital, Heritas Capital, and Gray Matters Capital, participated in the growth financing round.
Jairaj Bhattacharya, co-founder and managing director of ConveGenius, believes that this funding will prove instrumental in exporting Indian technology to various corners of the world. With a focus on improving education quality worldwide, the company has established three key business verticals that have already made significant strides in India.
The conversational AI bot store, known as SwiftChat, boasts an impressive 143 million registered user profiles and has been adopted by over 577,000 schools across India. Swift School, an adaptive learning platform, has been implemented in more than 25,000 schools spread across 16 states. Finally, the large-scale assessments and data intelligence platform, Swift Insights, effectively measures learning outcomes for 7 million students across 20 states in India and four international countries.
The excitement surrounding this funding round is shared not only by ConveGenius but also by the company’s partners and investors. Dhun Davar, Head of Social Finance at UBS Optimus Foundation, expressed enthusiasm about the potential of ConveGenius to positively impact the education sector, stating that the company’s impact is both measurable and scalable. Additionally, Ali Shariff, Partner at Mount Judi Ventures, praised ConveGenius for its dedication to transforming public education systems, an area that is often regarded as challenging within the K-12 space.
The $7 million infusion of capital into ConveGenius is set to drive the company’s mission of delivering improved learning outcomes for children across the globe. With ambitious plans to expand its business verticals and revolutionize education, ConveGenius is primed to make a significant impact in the edtech industry.