E-learning platform Dhurina, which is dedicated in helping students to prepare for competitive exams, has concluded its second round of funding. The company has raised total $1.2 Mn led by RCVF and other investors including LetsVenture, RBD Publication, India Accelerator, Precision Startup Advisory, and Pai Ventures. In the previous round, it raised $ 135000 funding from prominent investors like Chandigarh Angels Network and Modulor Capital.
Following the latest round, its total fund-raising amount has now reached to $1.3 Mn. In all likelihood, both these funding rounds were part of the seed funding round. The Gurugram based company has made lofty claims about its download and revenue numbers. The startup has claimed that within 2 years of its inception it has achieved the milestone of 2.5 million downloads and aiming to achieve 10 Mn USD revenue by FY-23. However, Techpluto could not ascertain these numbers independently.
The two-year-old startup offers more than 350 courses for 100+ state-level competitive exam categories. It provides Live Classes, recorded lectures, PDF notes, Test Series, Doubt sessions and short videos for instant revision.
Competitive exam space is one of the highly competitive space, with Softbank and Tiger Global backed Unacademy being one of the biggest players in this space.
Commenting on this fund raising, Sachin Sardana, Co-Founder and COO, Dhurina said, “The recently concluded round of funding will allow us to leverage the opportunity to expand to other big states of the country and deliver quality education to students at nominal prices. We intend to cater to the exponentially growing market of E-learners in India, who need a platform to prepare for their dream jobs. With these funds, we will now consolidate our position and spread to other big states of the country. Apart from expanding the company’s market at PAN-India level, we also plan to invest the funds in employee’s growth, scaling platform infrastructure and enhancing the product’s features.”