In an attempt to expand its operations in the edtech space, Bhubaneshwar-based edutech platform, LectureNotes has raised an angel funding of Rs.2.5 crore from HNIs, an investor group based in Singapore.
The funds will be used to concentrate on its business growth and invest in building an AI platform that will help students to focus on their studies, improve their reading habits and guiding them to build a successful career.
LectureNotes also plans to serve close to 5 million students over the course of the next one year.
The edtech startup also plans to introduce a subscription model, where premium content, question banks and self-assessment papers will be provided to help students assess their learning and improve with the AI-powered recommendation system.
Speaking on the platform and its growth, Ayush Agrawal, Founder of LectureNotes said, “We are a platform for teachers to share notes and get connected with thousands of students all across. We have over 20,000 teachers and over one million users registered with us who use around 17 minutes every day on the platform, finding teachers, notes and contents to learn for the University based curriculum. We have generated over 3 million pages of contents and all of these are generated by uploads from the users themselves”
Not just for notes alone, Ayush said that LectureNotes wants to be the go-to place for people in education for skilling and employability.
“We want to be the way people in education connect and communicate, helping students, teachers and institutions come together to improve learning. We want to be the team to be instrumental in setting career paths for our users. We want to take the role of the personal mentor, using the AI to become the go-to person that every student need to guide him on a journey beyond just academics,” added Ayush.
LectureNotes is a community-driven platform that was started in July 2017, where all the content shared by the users are made available to students to read from, and for free.