Edtech Startup ImaginXP Raises $1.5 Million Led By Venture Catalysts
ImaginXP, a Pune-headquartered edtech startup, has raised $1.5 million in funding led by Venture Catalysts, along with co-investors Shashank Deshpande, Krish Kupathil, Samyakth Capital, and others.
The current funding round is aimed at accelerating both offline and online degree programmes. As per the startup, it aims to utilise the fresh funds to accelerate growth in its B2B higher education model.
Started by Shashank Shwet and led by Col. Shishir Kumar, ImaginXP helps universities provide future skills degree programmes and for-credit certification courses with a corporate-led curriculum, well-trained faculty, and a coaching platform that brings 1,250+ corporate coaches led mentorship and live projects for students.[Read: FundVice To Support Indian Startups With Rs330 Crore Fund]
The edtech startup provides Bachelor of Design (B.Des), Master of Design (M.Des), BBA, MBA, BSc, and BTech degree programmes in partnership with universities.
Talking about ImaginXP, Shashank said,
“Our test of time was during the pandemic when the traditional university model got disrupted. We quickly scaled up our digital platform MyCoach to provide for-credit courses to the universities and engage the students on their behalf.”
Within three years, the company claims to have partnered with 22 universities across the country. ImaginXP employs more than 70 full-time faculty members and over 1,250 working professionals who act as corporate coaches on the MyCoach platform to train, mentor and create work-like environments on projects to increase student employability.
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