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May 29, 2013

Deal Alert: Inventus, Mumbai Angels to invest $2-M in online tutoring service firm eDreams

eDreams Edusoft Pvt. Ltd., a Bangalore-based education technology company, has raised $2 million in a second round of funding from Inventus Capital Partners, with participation from existing investor Mumbai Angles. The company, established in 2010, offers online tutoring products using technologies such as Artificial Intelligence, Machine Learning, NLP and Speech processing. Its flagship product Funtoot is an adaptive personal tutor that teaches children in a fun and interactive manner based on each student’s individual characteristics.  

From the Venture Intelligence Angel Investments database: In Feb-12, Mumbai Angels had committed funding of up to INR 5 Cr to the company. Rajeev Pathak, Founder and CEO of eDreams, was the winner of business news channel BloombergUTV s business reality show The Pitch - Season 2.

Source: Yourstory.in

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