Educomp and Applyifi launch Ed Tech funding forum

NEW DELHI: Startup investment platform Applyifi.com has partnered with Educomp Solutions to launch India’s first Ed Tech-specific funding forum which will provide a platform to identify and support Ed Tech startups, by providing funding, mentoring, and market access.

Shantanu Prakash, chairman and managing director, Educomp Solutions said the forum gives them a dynamic platform to help deserving startups to address opportunities in the education sector. "With our access to educational institutions, we will be able to help companies take their products and solutions to the market."

Applyifi will shortlist high-potential Ed Tech startups using their proprietary 36-point scorecard and assessment report platform, after which shortlisted companies will be invited to attend one of four first round pitch events to be held in Gurgaon, Pune, Chennai and Bangalore.

A team of mentors from Educomp and Applyifi will work with the top candidates to refine their business plan before visiting the Educomp Gurgaon headquarters in March, where they will pitch to a panel consisting of the Educomp leadership team and prominent venture capitalists.

About 5 companies will be selected for funding by institutional investors and selected angels. There is no cap to the amount companies may seek- all ranges will be considered.