Winuall Raises Rs 17 Crores In Funding From Dream Incubator, Others
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Winuall, an online education platform that helps coaching institutes go digital, has raised INR 17 crore from Dream Incubator, Inflection Point Ventures, Prime Venture Partners, BEENEXT and other strategic investors.
As per the startup, the freshly raised capital will be used to enhance product and tech capabilities, hire across leadership roles and scale up marketplace business by onboarding more creators, content-suppliers and educators. The startup also aims to achieve a gross merchandise value (GMV) of $100 million by the end of 2023.
Winuall | Making Learning Easier And Simpler
Founded by Ashwini Purohit and Saurabh Vyas in 2019, Winuall is a ready-to-use branded platform for schools, tutors, and content creators that enables them to create, sell and market their courses online.
The startup provides tutors with high-quality marketing tools that help them reach potential students and help in building their own brand.
Speaking on the development, Ashwini Purohit, Co-founder and CEO of Winuall, said,
“In a world where the competition for good content keeps growing each day, we want to build a platform for tutors that can make their job easier by providing them complete freedom to customize the courses they offer and help them grow their earnings. At Winuall, we are building a content marketplace with strong supply, understanding user patterns and recommending best suitable content for the student.”
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The social commerce platform offers tutors the freedom to set prices, give discounts, run campaigns on social media to reach a wider audience and upsell their existing students. Winuall claims to have witnessed a 100% month-on-month growth over the last six months and sold over 35,000 courses in the last four months. Additionally, more than 1,200 tutors have onboarded the platform.
As per the startup, with its social commerce model, Winuall has better margins to share with its educators and provide affordable content to students. Also, it is on track to make its marketplace business profitable in the next 3 months.
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