Smart Institute, a part of The Shahani Group, on Tuesday said that it has raised $1.5 million in funding from a group of HNI investors and family offices led by ah!
The latest fund infusion is a part of the larger $30 million financing round, which the company plans to raise over the next year.
With this round, Smart Institute aims to expand its presence in 30 cities nationally within the next five years, with additional plans to invest in its edutech platform application, ask.CAREERS.
Last month, Sunstone Eduversity, an edtech startup focussed on MBA institutes raised Rs 11.3 crore in seed funding led by Prime Venture Partners, along with LetsVenture, PS1 Ventures, and Rajul Garg.
While, in November, online learning platform Adda247 also raised Series B funding of $6 million led by Infoedge (India) Ltd, Asha Impact, as well as, STL. | To read full story, visit https://startuparound.com/read/1575471709.2051604/[Funding-alert]-Education-firm-Smart-Institute-secures-$1.5M-in-latest-funding-round-from-HNIs?ref=audio_experience