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Exclusive: Ed-tech startup CollPoll raises funds from Sprout Angels, others

04 October, 2017

Bangalore-based CollPoll, a communication and collaboration platform for educational institutes, has raised around Rs 2 crore ($306,000) in funding led by seed-stage investor Sprout Angels LLP.

Other investors who put in money are Chenraj Jain, Moloy Kumar Bannerjee and Pallab Bandyopadhyay, the company’s filings with the Registrar of Companies showed.

Butterfly Innovations Pvt. Ltd, which operates CollPoll, had raised about $295,000 last year in a seed round from over a dozen individual investors, according to VCCEdge, the data and research arm of VCCircle.

CollPoll runs a web- and mobile-based platform that aims to connect all stakeholders in the education sector. It serves as an educational institution’s personalised platform for communication between students, faculty and administrators. Its clients include Manipal University, Hubballi-based KLE Technological University and Sonipat-based OP Jindal Global University, among others.

The startup was founded in 2013 by Hemant Sahal. An alumnus of Vellore Institute of Technology, Sahal earlier worked with Adianta School for Leadership and Innovation, Manipal Global Education Services, and the World Bank.

Email queries sent to Sahal seeking details on the funding and investors didn’t elicit any response till the filing of this report.

India’s online education industry is expected to grow almost eight times to hit $1.96 billion by 2021, with the number of paid users rising six-fold to 9.6 million, according to a joint report by search giant Google and consultancy firm KPMG.

CollPoll joins a long list of ed-tech startups that have raised funding this year. Last month, Vadodara-based ed-tech venture Cerebroz Edutree LLP raised Rs 4.7 crore (about $734,000) in seed funding from Dubai-based high-net-worth individuals.

Leverage EdTech Pvt. Ltd, a startup that helps students apply to colleges, raised a seed round led by Kashyap Deorah, a serial entrepreneur, and Anand Sankeshwar, managing director at transportation firm VRL Logistics.

Bangalore-based PlayAblo, which seeks to engage school students through gamified learning solutions, raised $600,000 from ABI-Showatech (India) Ltd in July.

Hyderabad-based Edgefx Technologies Pvt. Ltd raised an undisclosed amount in a bridge round from international angel network Cross Border Angels & Experts, Rajasthan Angel Innovators Network and The Chennai Angels.

Chennai-based Sprout Angels had invested an undisclosed amount in digital education startup EdSix Brain Lab Pvt. Ltd in June 2015.

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Exclusive: Ed-tech startup CollPoll raises funds from Sprout Angels, others

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