Corporate Updates

FlipClass raises $1 m from S Chand & Blume Venture

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FlipClass, a Bangalore-based home and online tutoring startup, has raised $1 million in funding from education content and services provider S Chand and Company Pvt Ltd (S Chand) along with Blume Ventures.

Founded by Vineet Dwivedi, an IIT Kanpur graduate, FlipClass is a technology platform that connects tutors and students to provide effective home, online and mobile tutoring solutions. It also has an inbuilt assessment tool to gauge student learning and provide key inputs that help improve performance. The platform recently launched a doubt clearing mobile app FlipTutor, which uses Whatsapp like interface to provide answers in real-time.

Vineet Dwivedi, Founder and CEO, FlipClass, said, “FlipClass has an active database of 4,000 students and 10,000 tutors and has delivered over 200,000 hours of home and online tuitions. We are very excited to have S Chand invest in our platform. We will also look to integrate their content with our learning tools and provide a more enriching experience to students.”

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Gaurav Jhunjhnuwala, Director, S Chand, said, “S Chand aspires to lead the knowledge ecosystem and support management teams building disruptive technologies in the educational services and content space. Investing in FlipClass is a step in this direction.”

“At Blume, we are core believers of edtech and its ongoing relevance for years to come. Even with the advent of online solutions, home tuition and tutors continues to be a huge market with innate problems of discovery and selection. This is where we believe FlipClass will play a significant role by aggregating tutors and parents onto a single platform. Equipped with unique tech tools that help parents assess their child’s progress, FlipClass has a high engagement and retention rate,” said Karthik Reddy of Blume Venture Advisors.

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