The key buyers are a gaggle of HNIs and angel buyers from Dubai, UAE, the corporate stated in an announcement, with out disclosing any particulars.
“We are very excited about this. We plan to market and expand our services in four countries by the end of this year with an organic and sustainable growth,” Illumnus founder Akash Deep Singhal stated.
“We have already doubled our team bringing A-players to build a scalable SaaS based LMS platform, which the educational institutions always deserved but never got,” he added.
Illumnus, the Collaborative Learning Management System (C-LMS) for academic establishments, was based by IIT Bombay alumnus Akash Deep Singhal and his brother Akshaya Singhal from BITS Pilani.
“We are thrilled to support and help Illumnus grow leaps and bounds. In times where the world of education is increasingly becoming digitally driven, we find Illumnus very well placed to capture the market not only in India but in other global markets as well,” the investor group was quoted as saying within the assertion.
“Edtech in the business-to-business (B2B) space has seen a lot of investment in recent times from large players like Google and Microsoft as well. However, the solution offered by Illumnus is more end-to-end and provides seamless learning and pupil management capabilities to schools and parents alike,” it stated.
As the nation is below lockdown to curtail the unfold of COVID-19, edtech platforms have seen a surge in enrolment with professionals signing up for up-skilling and faculties and schools utilizing them to complete pending syllabus.
Illumnus gives premier academic establishments with their inner digital studying community, simplifying the communication move among the many college students and academics even after faculty hours.